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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Victor Lazlo who wrote (2100)	10/11/2000 12:48:05 AM
From: Libbyt	Read Replies (3) \| Respond to of 57684

for mediocre returns. So...if I'm understanding you correctly, you don't feel that there is any sector in which to invest at this time? there are stocks in non-.com sectors, you know. Some of these stocks actually have real, healthy co's behind them. Yes...I agree. Some of the "non-.com stocks" have also lost an enormous amount of their value...and they are near their 52 week lows. (CAT, T, CMB) we are in for the devil going forward... Again...I agree with you. IMO this is a very nervous market..and one in which you need to make investment choices where you feel confident that the risks you decide to take are reasonable risks for the gains you hope to realize. In my particular case...either this market needs to make a significant rebound before the end of the year, or I'll sell some stocks for a loss against the gains I've already taken this year. If that is the case, then the IRS will need to send me a significant tax refund based on the estimated quarterly tax payments I've been making. The bulk of the $$ has already been harvested there, imo....RE prices in my neck of the woods are peaking, and that is while rates have begun to decline. Maybe this is true with residential real estate...but I was specifically mentioning commercial real estate. I'm sure that with the economy starting to look as though we've had a "hard landing"...and not the "soft landing" that Alan Greenspan would like to see... that this factor will have an effect on just about every business. IMO this has not been a factor in commercial real estate in the Bay Area...yet! WI may take 6 years to be profitable, if then... I don't agree with you on this point. I realize that several of the wireless and wireless related stocks have been under tremendous selling pressure...but the future of the wireless products will IMO be a cost saving factor for many businesses....and I think we'll see this as a profitable and necessary area for many businesses. Some people have absolutely no control over the risks that they are forced to take. I recently spoke with a midwest farmer who stated "the biggest gamble" in the world is the gamble that a farmer makes every year. This man grows corn, and raises cattle on a family farm. He has absolutely no control over factors that will make a difference to his income....the weather, corn/beef prices, diseases that might effect his corn or cattle. He is willing to take this "gamble" (this risk)...most likely because he doesn't have any other choice...and he enjoys farming. I feel lucky because the choices I make to invest are just that...I invest, because I choose to invest...and right or wrong, I can feel comfortable with the decisions I've made. Everything we do in life involves risk...all of the choices we make involve risk. I agree with you that the market looks awful right now...but I am willing to take a risk and invest in some of the companies that I feel will be successful, and have a business "plan" that makes sense. I do think it is a time to be cautious and not to be overextended...but believe it or not, even liking some of the "dot.com" stocks...most people I know would consider me VERY conservative!!!