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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: Beobe who wrote (12979)3/13/2001 3:19:06 PM
From: Chris J. Horne  Read Replies (1) | Respond to of 42834
 
"Seems to me that if you are truly an aggressive investor the downs are just part of the process. I wish that I had been more risk averse now."

I understand your point and I agree.

One thing about human nature. When things are going really good, people expect it to continue forever, and likewise when things are going really really bad, people expect it to continue forever.

I am fairly agressive and would like to buy some bargins, but the way things are going, they will be even cheaper tommorrow. I remember Peter Lynch's comment about not catching a falling knife. Wish I had considered it when I bought the QQQs.

Many of us, maybe most of us (not Kirk!), got away from diversification and held too many of the overpriced techs. Looking back on it, we all should have paid more attention to out-of-site PE ratios and maintained proper diversification.

With all that said, even with the load of QQQs I have, I am down less than the S&P 500 (my benchmark), and I take a some comfort in that.



To: Beobe who wrote (12979)3/13/2001 6:07:18 PM
From: MrGreenJeans  Read Replies (1) | Respond to of 42834
 
Robert

I wish that I had been more risk averse now.

Pete had it right in a previous post when he said this too shall pass. As a veteran of being fully invested in all the major downturns in the past 20 something years I can tell you what you already know. It is painful to experience these turns but the market always makes new highs in time and your portfolio follows.

Stay the course.