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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: Frank Pembleton who wrote (8195)	2/21/2002 11:00:36 PM
From: rails99	Read Replies (1) \| Respond to of 36161

Hi Frank: Contrarian with respect to the "average investor market reaction" is what I was trying to imply. Everything you have stated is perfectly correct as to the trends and flows. That is what is so great about this thread and the contributors. One thing not mentioned so often is the investment techniques of the determined long term income investor. A guy I talked to once said that he goes for the cheaper big caps that pay the best yields, if he strikes out on the price it just reduces his tax liability, while most of the holdings pay him the income yields that he uses to reinvest, etc. Of course, I would add that there is the need to start with a pretty good pile of cash, in order to implement that theory of investing. It would be great to be in the position to be able to look at it with that perspective. By the way, last night the ADR.COM site had most of the financial sector worldwide up nearly 6% or so. Nearly each country had top price performance in the banks and financials. I am thinking the G7 meeting may have had something to do with that. Thanks for your response. Best Wishes; Rails PS: KMart up 10% or better last two days. Short covering or investing?