To: originunknown who wrote (92092 ) 9/17/2001 10:51:25 PM From: bbgold Read Replies (2) | Respond to Hi OU, I think that the markets Did hold up well. I was at work in 1987 when the markets took a big hit. A friend of mine who was a service advisor and knew that I was in the markets would keep coming out to my stall and telling me how much the markets were down. I would call my broker and he would always tell me every hour "Just hold on, it can't get much worse". I later found out that the broker had sold all of his positions the Friday before. I have Never trusted a broker since. I lost 50% of my savings on that day. Later on I would lose All of my savings due to not having a Stop Loss order in on a stock that I owned before going on a fishing trip. I did not invest in the markets for the next 12 years. Oh Yeah, let's get back in the markets in 1999 <GG>. I think that the markets are just about in the same situation as then in 87, oversold. There will continue to be a lot of volatility in most stocks but as long as you try and pick out a low on a stock and have faith that the economy will recover you will do well. One stock that hurt me the most in 87 was Citigroup. I had just purchased it presplit for $55 a share. After the split and the stock drop I sold it for $20 a share. If I had held the stock until 2000 I would have been greatly rewarded. Some other stocks that I was trading were 3Com, Novell, Short Seagate, Maxtor, Short Maxtor, Microsoft was too expensive (MS Dos?) If I had taken advantage of the opportunities that had presented themselves at that time I would have been retired by now and spending more time fishing rather than working. I think that the markets are in the same type of situation now. Do you take the risk and invest in some of the companies that have been beaten down? You KNOW that most of them will recover. When is the Best time to get in is the question. Now? Tomorrow? The Next day? If you look at the history of the markets in a ten year span then THIS is the time to invest. What will happen if the world enters another World War? That I cannot forsee. I think that with all of the talk of another War that everything will be done to keep us out of WW3. This conflict Will be resolved and the World will go on. Just as 1987 was seen as the End it was in fact just the Beginning. Good Luck to All! Sincerely, Bob :^)
