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Strategies & Market Trends : Steve's Channelling Thread -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (11107)	2/14/2001 10:24:21 AM
From: Pink Minion	Read Replies (2) \| Respond to of 30051

So much for my "Zeev-like" trading on BRCD. out at 50 I stink at going long.

To: Zeev Hed who wrote (11107)	2/15/2001 12:08:46 AM
From: dday	Read Replies (1) \| Respond to of 30051

Zeev, Interest rates were quite a bit different at those junctures. We are a long way from 17% treasuries. An old market master taught me a very simple lesson when I entered this business some 20+ years ago. <(Hal Holbrook in Wall Street movie was a spittin image of this fellow ---( you know value..value...value) except that my mentor was bald-( 'grass don't grow on a busy street') he used to say.> His #1 hard and fast rule: "When Interest Rates go down, stocks go up and when interest rates rise, stocks go down" Well, in 1982 the bull market in bonds began with the decline in rates. Bull market in stocks followed. Rates have had upward blips since 1982, (memory is hazy here but 84 was one year I think and, of course, 2000) but the primary trend has been down. I have eaten far too much broken glass in my day so when the crystal ball collection was long ago depleted, I refused to reorder -------but (lol) --------I do not see a 1982 scenario on the doppler radar screen. Regards Bob