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Strategies & Market Trends : Group Therapy -- Ignore unavailable to you. Want to Upgrade?

To: E. Graphs who wrote (3565)	9/25/2001 10:26:36 PM
From: country boy	Read Replies (1) \| Respond to of 4564

Hey E: Well that post is quite a mouthful. After reading all that I'm less certain now what to do than ever. I've been setting back,like most I imagine, transfixed on CNN and other news channels. Just in the last two days have I finally settled down to try and think about my finances and what I should be doing. I'm still sitting with 90% cash. I've thought a bit about metals. I still have a bone in my crop, though, from the Bre-X fiasco some years back that tanked a bunch of my mining stocks, and I haven't had any since. I sold all my Englehard silver bars four years ago at $540, I think. But I feel like I'm late to the party at this point. Thoughts? Monday's market rally was welcome, but not too unusual after such a week as last week's. Numerous contrarian indicators point to a bottom, or nearly so. A good follow-through rally late this week would intice me to put some $ in. Sept. 11 gave us a glimpse at the huge financial consequences of a such a tragedy. Unlike a hurricane hitting New York, though, the threat has as yet not diminished at all of a repeat. That's what's so hard for me to factor in, as your article pointed out that nobody had such an event factored into anything. I'd like to believe we've seen the worst. Yet those twin towers falling proves no bad scenario in my imagination is beyond reason. best to all, cb

To: E. Graphs who wrote (3565)	10/2/2001 2:09:09 PM
From: Logain Ablar	Respond to of 4564

Hi E: Thanks for the post. I'm of the opinion we already had an intermediate term bottom for this move in the NAZ. I can be wrong where we have one more vomitt stage (there are too many who have changed alloactions to 80%, which is too high) but there was quite a bit of fear recorded in the 1st week of the market being open, especially on the Friday when the dow was down 500 pts. I also think the e of p/e comes down and with it p but not until we have a bear market rally of some duration. Whether it started a week or so ago or waits till November who knows. There is and was a lot of fear BUT I heartily agree there is not as much fear as seen in past bottoms like in 82 BUT I don't think we get there for awhile. There is plenty of liquidity. On a separate note if the CB's are able to inflate the market then gold should head towards $350 which bodes well for the miners.