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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: Alex MG who wrote (14912)	10/29/2002 11:34:22 AM
From: robert b furman	Read Replies (1) \| Respond to of 19219

Hi Alex The stocks I own have no problems with: Excess options They have no debt. They have no Pension problems. Most have added substantially to cash over the last year and if you take into acount R&D and depreciation they are very profitable. Many companies have excesses and I'd not recommend buying them.That by no means suggests that all companies fit that category. With the incresing awareness of companies having Pension underfunding problems - the net result has been an exodus to quality investments that have little risk.Many have parked their investment funds in Bonds - guaranteed by the government - an institution that has the highest exposure to unfunded Pension liability. Bonds are at what could only be called a 40 year top and the world is running to Treasuries for security??? When they come out of the ether and find out that Bonds can be losers - unless you really want 2% for the next 15-20 years - well that's the bubble that should be talked about. The MOMO mongers don't see the curve in the road - they just run around screaming alarmist postulations of the current trend being extrapolated to the ridiculous. Don't get me wrong - they're helping me accumulate great financially strong stocks at excellent value.I'm not smart enough to say when the bottom is the bottom, but I can see a turn coming.Unfounded secular trends/fears are helping shake the weak holders out of there positions and into my account at great values. I just hope most don't fall for this unsupported fear mongering. But then most do sell out at the worst time - the bottom. Bob