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Strategies & Market Trends : Gorilla and King Portfolio Candidates -- Ignore unavailable to you. Want to Upgrade?

To: Earlie who wrote (44356)	7/13/2001 12:08:47 PM
From: Seeker of Truth	Read Replies (2) \| Respond to of 54805

It may very well be the time to be out of stocks for all I know, I haven't a clue. But I'd like to draw any reader's attention to this post and many others in exactly the opposite direction, i.e. from people who believe that they really know which way the market is headed in the near term. Typically there are no fundamental reasons given, just assertions. "P/E's remain high due to imploding profits." Take a look at steel companies or railroads etc. When the economy is down they sell for enormous P/E's because there are hardly any earnings; if they are losing money then the P/E is infinite. Is that la-la land? That doesn't mean that steels haven't been attractive when they were losing money. I think we should be very respectful of bullish or bearish arguments when they address fundamental problems, not recent falls or rises in stock prices and/or company earnings. Fundamental problems might include indebtedness of corporations or individuals or various levels of government. Other elements might be the balance of trade. Still others are the productivity of the working force and its education level. Assertions that the market is now cheap or the market is extremely expensive should be quantified, compared with history etc. Otherwise we shouldn't plunge in and buy just because people are shouting "Now's the time!!" or sell because there are cries of "Don't lose your capital". It's psychologically difficult to resist such influences.

To: Earlie who wrote (44356)	7/13/2001 5:19:59 PM
From: LindyBill	Read Replies (1) \| Respond to of 54805

Always nice to hear from one of the denizens of the "Clown Free Zone". Like most of your kind, you seem to be suffering from a serious lack of Serotonin. Prozac seems to help problems like yours. You might set up a visit with "Dr Id", who posts here. He specializes in people your problem.