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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?


To: active22 who wrote (48571)9/22/2000 5:27:56 PM
From: GROUND ZERO™  Respond to of 94695
 
Yep, let's hope so...<g>

GZ



To: active22 who wrote (48571)9/24/2000 8:59:43 AM
From: William H Huebl  Read Replies (2) | Respond to of 94695
 
READ THIS POST!!!

The following is my response to a PM in which we were discussing a portfolio which is expected to take a really strong hit with any strong market sell-off here. The other person said he expected his portfolio to come back and make him even MORE money!

My response:

Do the words, "Past results are no guarantee of future profits" ring a bell???

Sadly, that is the what is overlooked in the chant "This time it's different!"

Hope, for your sake, you are right. However, the SCYR went to .67 - again the lowest in history!

Again, I am totally in safe, cash-like investments which really have much better returns than the stock markets. Really. And have been that way for over a year and have published that for over a year. Those who are in equities have lost money, relative to my holdings, that is unless they are either astute and/or lucky stock pickers.

The situation WILL NOT CHANGE ANYTIME SOON unless we have a crash... which I believe is likely. A crash that everyone believes we will easily weather and come back from immediately. But we won't!

IMHO, BWDIK, etc, etc, etc