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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: John Pitera who wrote (2833)	5/2/2002 5:31:13 PM
From: Logain Ablar	Read Replies (1) \| Respond to of 6346

John: "I think the dynamics of the Bull market in Gold and Commodities will take quite a while, month and months if not years until we see a short squeeze" Heinz has been bullish and pointed out why gold should do well many times. I've met with a few clients this week. One a 69 year old woman who saw over 1/3 of her portfolio disappear in last two years. Its hard to tell someone who's been retired for two years they have to go back to work to make ends meet cause here nest egg is not going to throw off enough (it wasn't enough to start with). She's meeting with here financial planner today. Unfortunately she realizes she needs to sell here condo and take a step down. I bet this is happening with many retirees (this woman only has social security). Its not just this one planner in doing returns this year I saw quite a few portfolios ravaged by this market. The planner really just lines up the client to certain funds and boy have these fund managers been terrible. I think the whole class of MBA's since the mid 80's just haven't learned the #1 rule is to preserve capital. It does look like real man is back trying to teach them. Then they have to learn the second rule to buy low and sell high. I admitt I haven't done as well as I should in following these two. Zeev Hed has a low around the 23 - 26 of June and Les has a cycle low in that time frame.