Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (1158)	5/12/2003 9:33:56 PM
From: Mike M2	Read Replies (1) \| Respond to of 4907

Jimmy Rogers is on CNBS right now

To: LLCF who wrote (1158)	5/13/2003 11:17:44 AM
From: Earlie	Respond to of 4907

Dak: Good point about the nastry rallies that can go on for long periods of time during a bear market. Being primarily a fundamentalist (and having taken my share of scars for so being), most effort at this end is spent trying to determine how well products are selling and how well they are moving through the distribution chnanels. I also try to stay abreast of what new products are emerging that might cause pain and sorrow to contemporary items. Finally, I try to find ways to keep an amateur finger on the pulse of N. American economic activity. The interesting thing is that the messages emanating from this activity have shown no signs of turning upward. In fact they continue to provide an almost universal negative chorus, and continue to point "downtown". So what gives? From my perspective, market participants have once again become enamoured with momentum investing. As was the case a few years ago, once a stock gets some upward mo-mo, it attracts the crowd as does bloody "chum" dumped over the transom of a boat. Of course the problems associated with mo-mo investing remain unchanged as the "musical chairs" part of the cycle will inevitably return. For now, mo-mo players simply ignore the mounting bad news (especially the important bad news like an ever increasing trade deficit and a plunging currency) and toss more truckloads of bucks at the trash. Meantime, the wiser bears merely duck, weave, "box", abstain, play the "mortally wounded", pick up cheap gold stocks or merely enjoy more days at the beach. (g) It is interesting to watch the mood swings among all of us as the market creates either lengthy downward moves or lengthy powerful rallies. Once a move has been with us for a few weeks, we all tend to get caught up in the belief that it will continue forever (remember the mood around SI as day after day the markets were pounded ever lower?). Sooner or later, reality will intrude and the foolishness of mo-mo activities in the current dreadful economic climate will become evident. Patience is a pain, but we have to have a bundle of it in such times as these. (g) Best, Earlie