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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: blitzfund who wrote (56130)	11/3/2001 9:36:18 AM
From: William H Huebl	Read Replies (2) \| Respond to of 94695

geocities.com (the two pages you want are after the q/a - so you gotta keep going!) You are right on all counts, my friend! - the trend is down (measured by 144 ema vs 200 sma) - ECRI - WLI has yet to turn... - ECRI - FIG shows more rate cuts to come! - I am "risking" my retirement. That being said, let's look at where we "really" are... whatever THAT means. We are in one heck of a sell-off and except for GZ, NOBODY is expecting anything to go to "da moon!" FIG, probably the best measure of what the feds "should" do, says the feds are likely to throw in a couple of rate cuts more! The Japanese aren't the only ones who can get 1% interest rates??? My mutual fund, down almost 25% in the recent sell-off now is down less than 15%... and climbing. It is "value" oriented which means to me that it should do well compared to more speculative investments - especially now. "Risk," is a relative matter... where were the fund managers and other advisors at the top of this bubble? Why those people were telling you to invest more! These are the same people now warning you that things do not look good and the recovery may be years away. So to me, the risk is in listening to THOSE guys and gals... besides, my mutual fund was down over half the way it would eventually fall to the September low when I bought it... who was to know? A retest of the low certainly can't hurt me any more than the September sell-off did... and THEN we can see some really good upsides! Besides, in terms of my post-retirement income, these investments probably represent less than 5%... tops. So bring on the retest!