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To: Seeker of Truth who wrote (3459)1/23/2000 2:09:00 PM
From: Edwin S. Fujinaka  Respond to of 6020
 
There are two axioms from old line Wall Street that we should all keep in mind:

1) The Market Climbs a Wall of Worry.

2) You cannot time the market.

I suggest that you should worry when no one seems to be worrying. I also suggest that you not try to jump in and out of the market based on looking at a chart.

There are circumstances that the intense followers of SI, RB, MF, and even Yahoo might profit from and that is selecting your investments and perhaps attempting to time your buys and sells in relationship to real developments or news that you discern at an early stage (not based on just price movements).

Things are happening so fast and there is so much money around that some sort of return to fundamentals is in order. The problem is: What are the new fundamentals that govern these markets?

These simplistic musings are probably not very useful except to point out that it is healthy to consider negative comments and ideas along with the usual cheerleading that we see on many of these boards. To quote Bernard Baruch, "The markets will fluctuate." <G>.