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Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: stan_hughes who wrote (46391)	10/25/2001 11:12:59 AM
From: Louis V. Lambrecht	Respond to of 100058

stan - gloomy? Make any projections long term for a buy and hold strategy: you loose if you don't get in at the lows. Corrections are healthy for the economy, and my gloom and doom (for the current leading industry sectors is a fact, but I often said that, in times as these, the next economic revolution is in the make. All we have to do is to find those industries or sectors <vbg>. As those who bot MSFT back in 1982. Luxury goods? Well, when I look at the French LVMH and the Swiss Richemont, they also have bad charts. Too diversified, too many "once-options-rich-consumers" are deserting the shops. And don't always talk of our chocolates: as Europe refuses to buy your beef, or your South American bananas, prices of Belgian chocolates and other European luxury goods have been taxed with heavy import rights. Keep your bananas, I will keep my chocolates. <vbg> I am not heavily shorting the market, not against money alchemist! But I am back to my first idea of buying some asymetric straddles (less calls than put) in order to take the move down, but not loose everything if this market goes up. And I will end up in a sideways market and loose my bet. ROFL. Sorry, Fifi is calling , have to leave.