To: CatLady who wrote (18719 ) 1/14/2000 6:34:00 PM From: Tradelite Respond to of 57584
Each day, at the close of the market, I turn off CNBC and tune into local business radio, where the portfolio managers of big-money clients weigh in with their opinions. These people live or die by the wisdom they employ to invest their wealthy clients' money. It is always interesting and most of the time, proves true. I've made money off of their comments. One of them today said we need to employ different mindsets to trade the market we are faced with right now. You need to be prepared to buy on the pullbacks in the leadership stocks---you already know the names of these stocks--because much money has flowed into mutual funds recently that needs to be employed. Growth and earnings are the key, and the tech area is the breeding ground for this climate. Also, the put ratio on stocks doesn't indicate much negative sentiment. Another opinion expressed was that we need to ignore the traditional mindset which says that when a good stock tanks, we should stay away. Use it as a buying opportunity. Short-term and periodically, there will be downturns, but the overall sentiment is bullish, and this market is headed higher. If your outlook is long-term, you will buy. Interest rates, even if they go up, are historically low (I already know this because I've been in the real estate business for many years and definitely know a high interest rate when I see it, and we aren't in the danger zone anytime soon). I wouldn't quote these ideas and recommend anyone follow them blindly----just passing along the views of people I do listen to and which I believe are worth considering in doing your own stock research and making your own investment plans.