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

To: Art Bechhoefer who wrote (28342)	2/19/2003 9:02:43 AM
From: TheSlowLane	Read Replies (1) \| Respond to of 36161

Well...if it's true that we will see a major drop in equities than the best strategy is to be short (at least some percentage), not in cash. The Rydex and ProFund families offer the opportunities to take a short position on the market (Naz or S&P). Some of these funds are also leveraged, to obtain the objective of 2X performance of the index they are tracking.

To: Art Bechhoefer who wrote (28342)	2/19/2003 9:22:24 AM
From: Frank Pembleton	Read Replies (1) \| Respond to of 36161

Art... at times you'd think my crystal ball is slightly out of round, giving me false signals. <vbg> Fwiw, I certainly wouldn't be long on crude despite strong demand and dangerously low inventories. I woudn't be long gold despite Bernanke's "printing press" comments not that long ago. Silver? Like palladium, I just can't bring myself to believe that it could sell this cheaply-- I mean gold is only 15 times more scarce, yet the gold/silver ratio is at 76??? Hmmm... Anyway, I agree-- cash is king. Regards, Frank P.