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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (49202)	3/15/2001 3:21:03 PM
From: Tradelite	Respond to of 57584

Yes, Rande, I read the Wash Post article you referred to. I also read the editorial in Today's Post (some of us folks in the DC area call it The Pest)which deals with the stock market. You want to check that piece out, as well--particularly the last several paragraphs. Brinker's QQQ call was bad, but he himself has said publicly he should not try to go public with a trading stock call when his main focus is safer long-term investment in mutual funds or bonds. As a safety precaution, he told his subscribers and on-air listeners last January to get 60 percent (not all) of their money out of the equity market because what was going to happen to the stock market (i.e., "earnings multiple compression") is exactly what has happened in the past few months--one year later. He preaches the principle of managing risk, and he felt stock market money was at risk as early as the first half of 2000. He didn't want to see his long-term investors lose the gains they had made over the years of holding mutual funds. I'd say in retrospect he was right. I agreed with his QQQ call to buy last year in the 70s, and I wound up buying a bit higher in the 80s, but I sold (at 97) long before he made the call to do so, and I turned out to be luckier than some blind sheep. I'm not familiar with any other QQQ call he has made since then, if he has indeed made one. I don't subscribe to his service, and only hear him once every week or two on the radio, so I'm forced to make my own decisions----not that I would pay or trust anyone else to make them anyway.....way too stubborn for that.....do like to consider a range of opinions and data on my own....much like everyone else here.