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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: JRI who wrote (3267)	3/17/2001 8:29:14 AM
From: Casaubon	Respond to of 52237

I still have not been able to convince people to even stop contributing money to their 401K stock funds, no less remove what might be left. So yes, they will indeed dollar cost average the whole debacle. PS This is a very small sample set of professionals, but probably more common than not. What amazes me is that 20+% annualized returns for 10 years wasn't good enough, they wanted more! Now they will get exactly what they were sold: 12 to 15% returns their entire life if they continue to dollar cost average the entire time until they retire!. That essentially means 0% returns for five to ten years.

To: JRI who wrote (3267)	3/18/2001 9:50:53 AM
From: StockOperator	Respond to of 52237

JRI, I think you're right. You can hear the setup for a fall or rally for that matter in either case. I think the FED is in a no win situation and I think they know it. You know everyone is so down on the FED for being behind the curve, slow to realize what is happening in the economy. I don't necessarily agree with that assessment. During the past couple of years I have listened to a lot of speeches by AG, especially as it related to equity prices, and I can recall many of his comments that left the door open for what we're seeing today. With all the recent damage in the markets do you think they've been tempted to pull the trigger in between meetings? I think they have. But I also believe their greatest fear is losing the confidence of the investing public. Not in the sense that the public believes they're reacting too slowly. Heck, they feel that way already. But can the investing public "handle" a market that continues to drop in light of a FED that is lowering rates, especially if the publics senses a bit of urgency by them doing so in between meetings? I don't think we want to know the answer to that. IMO the FED has one thing going for itself by sticking to it's guns. That public confidence that eventually the FED can and will save us. Now the only problem with that argument is this time things may be different. Valuation levels are completely different today. A couple of things the FED may be all too aware of. So perhaps the only thing they can really do is delay the inevitable. Time will tell. On a different note I am finding a couple of interesting chart patterns. Bullish believe it or not! But they're like a couple of gold fish swimming with a school of piranhas, however, still worth noting. I am going to try to post sometime later. Gonna be a big week.