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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: lawdog who wrote (46967)	4/17/2000 11:41:00 AM
From: TheKelster	Respond to of 99985

Does look like we are running out of steam, the ARMS is rising again.

To: lawdog who wrote (46967)	4/17/2000 12:06:00 PM
From: epicure	Respond to of 99985

I agree- it sure looks like a bull trap. Time will tell.

To: lawdog who wrote (46967)	4/17/2000 1:14:00 PM
From: Boplicity	Read Replies (2) \| Respond to of 99985

Part of a Street.com "chat" with Robert Wilson. The TSC Streetside Chat: Robert Wilson By Brett D. Fromson Chief Markets Writer 4/16/00 9:00 AM ET Robert Wilson was one of the great stock investors of the past 50 years. He started with $15,000 and had a miserable rate of return in the early years. But from 1960 on, he turned $70,000 into $225 million over 26 years before retiring in 1986 at age 59. In his day, Wilson was a peer of Warren Buffett and George Soros.* Wilson's investment strategy was to go both long and short -- long because he believed in the long-term future of America and short because he never wanted to be wiped out in a downturn. Today, Wilson is blissfully out of the money game. His fortune, approaching a billion dollars, is managed for him by a small posse of investment advisors -- some short, some long; some U.S., some overseas; some value, some growth; some large-cap, some small-cap. From an urban aerie overlooking Central Park, Wilson keeps a watchful eye on the markets. He spoke earlier this week with TSC's new Chief Markets Writer Brett D. Fromson. Wilson spoke candidly about his adventures on Wall Street, the pleasures and pain of investing and today's turbulent market. ******************** So you were always net long. I was always net long. When I was bearish, I was maybe 25% net long, and when I was bullish, I might be 125% net long. Why did you never go net short? Because I never wanted to get up in the morning hoping that things would be getting worse. All intellectuals, I think -- and I don't use that as a particularly flattering term -- but all intellectuals tend to have a pessimistic streak.** There's something intellectually much more intriguing about failure, which is knowable, rather than success, which is sort of unknowable. The way people fail is understandable and predictable and almost inevitable, whereas the way people succeed may never have happened, and so an intellectual is drawn towards failure, I think. G