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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?


To: Bridge Player who wrote (22199)4/4/2000 1:16:00 AM
From: BDR  Read Replies (2) | Respond to of 54805
 
<<To the best of my recollection, without looking things up, 1973-1974 (in particular at and near the lows), was characterized by the following...Please do not compare today's decline to that era. There is literally no comparison.>>

I am not making any such comparison. Please reread the entire paragraph that you referenced and you will see that I consider the current situation to be just another "correction" and that I am worried about living through a major market collapse on my current portfolio alone. That major decline has not happened and is not happening now.

<<While I would like to smooth out the fluctuations during these 10-15% corrections, that implies better timing than I have been able to demonstrate in the past. I am more worried about trying to live off my portfolio and finding myself facing a situation such as that which occurred in 1987 or '73-'74.>>