Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

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

To: sea_biscuit who wrote (51907)	5/24/2000 8:57:00 AM
From: Jack T. Pearson	Read Replies (1) \| Respond to of 99985

Personally, I think that when we do bottom and reverse direction, it won't be a quick climb up. If anything, it will be slow and agonizing. I agree. I'm 100% cash. In the last three weeks, the most I have had in the market is 10% of my holdings, and that was never in more than 24 hours. I won't be back in for any sustained time until I see a good base, both in individual stocks I am interested in, and in the market indexes. With P/E still way above reason, the market moving a couple of hundred points in an hour or two, and no big sell-off with high volume, why expose myself to the risk? Most of the people I know are just hanging tough, and some of them have experienced very, very large loses.