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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: High-Tech East who wrote (72918)	3/20/2001 8:42:18 PM
From: tom ablett	Respond to of 99985

This is one of my favorites written by a fellow Canadian. The bull went on for two years after he died and the crash seems worse than he feared, at least in the Nasdaq. amazon.com Alarmist drivel that misses the point, January 2, 2000 Reviewer: Mike from Toronto, Ontario I love reading books like this, especially a few years after the fact. The authors, in a condescending fashion, talk about how the bull market cannot possibly extend itself and that technology (again!) investment is for fools. They base their thoughts on antiquated P/E analysis and don't ever answer where the boomers are going to put their money in the case of a correction. The main concern with people like this (and Rifkin, et al) is that they don't recognize that technology represents a new paradigm and that traditional stocks need new metrics. The Dow was over 8000 at the time and the authors were calling for an immediate correction to 3000. As of this review it was almost 11,500 and the Nasdaq has more than doubled. I wonder if this guy is ever called upon as an expert anymore. Editorial Reviews From Publishers Weekly Canadian investor Sarlos, sounding like a voice of doom, predicts a bear market in the next year or so that will last into the coming millennium. This dire warning, with brief histories of market panics and a short course in economic theory, forms the bulk of his cautionary tale. The basic point, which Sarlos repeats like a mantra, is that a bear must come because there has never been a sustained bull market. He goes even further, arguing that the bear will be one of the hardest ever because history shows that longer bulls lead to longer bears, and the current bull has had a 15-plus-year ride. Given his premise, the strategies Sarlos offers in the last quarter of the book don't seem that useful. "Don't buy at the top" of a bull market, he advises, and don't "expect to make money in a bear market." He also writes that if you can afford to wait out a bear, keep your money in stocks, but if you need cash soon for retirement, reduce your equity holdings. These and similar tips (e.g., diversify) make up the rest of this shallow guide.