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

To: LindyBill who wrote (44408)	7/14/2001 10:42:49 AM
From: Mike Buckley	Read Replies (1) \| Respond to of 54805

Lindy, I think you've been getting too much sun at your daily outings on the beach. :) I don't see any articulated ideas or a lot of metrics in this post. 1) "There is a time to be in the markets and a time to be out of them." That's certainly a metric, not one I use but it sure is commonly used. 2) "... PEs remain high ..." (cerainly a metric that gets discussed a lot here) 3) "... U.S. economy is in shrink mode, global demand also continues to implode ..." (A shrinking economny and a lessening of global demand isn't a metric worth considering?) 4) "... buying the dip just ensures further losses ..." (That's a very well stated opinion about market timing. We've seen it expressed many times in that past and though many of us disagree with it, we don't ask the authors to go to another forum.) 5) "The number one rule of successful investing is 'don't lose your capital' ... " (Ask the people who put there life savings into the market the first time in late 1999 and early 2000 if that comment doesn't make a lot of sense to them now.) 6) "... [wait] until the market is hated by every single person you know." That's amazingly similar to the response I wrote many times online when people asked if I would ever invest part of the cash I've currently got set aside for living expenses. I said I would do that only if there was blood in the streets. Several times when the market and individual stocks seemed so very low to others, I was asked if there is blood in the streets. I still haven't seen any blood in the streets and, as a result, have not invested any of that cash. My point is that earlie's post that you responded to had only nine lines in it. I easily pulled out six specific factors he promotes that we use in our investment process. I didn't pull out all of them. I'd be willing to bet that there are one heck of a lot of readers who wish I would be so concise with my posts, yet no one ever asked me to leave the thread and post elsewhere. Just my opinion. --Mike Buckley