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

To: BGR who wrote (56433)	12/6/2001 10:26:26 AM
From: Real Man	Read Replies (1) \| Respond to of 94695

I'm not short the market, out in late September, but I won't get long here. I'm long gold and gold and silver stocks, and I intend to hold them long term (in tax sense, LOL!), even though they have been trading sideways to down lately. It will likely rise even if things recover, because the fundamentals are very bullish, and the market is cyclical. I know the Fed can print and will print. I just refuse to invest in tech stocks at p/e over 100. I'll invest in anything at p/e < 5. Of course, there are other factors, like debt load, etc. Not trying to outsmart the market. Just watching the bond making 4-6% moves in a day. That's where the derivative trades are, and moves like that can make some important leveraged participants bankrupt. Like ENE after the treasury announcement