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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Taikun who wrote (67579)	8/16/2005 7:43:01 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

it may not be up to the Fed to tighten it may be up to the Japanese and Chinese Interest rate is trending up in Japan and currency allocation is trending away fm USD in China

To: Taikun who wrote (67579)	8/16/2005 8:20:38 AM
From: Seeker of Truth	Read Replies (2) \| Respond to of 74559

Hi Taikun, You and EnergyPlay are both smart. You both trade in and out, buying in the afternoon, selling next morning, to the benefit of the croupier(broker) and the income tax department. I had the impression that this was the only way to maximize profits. Of course I could not bring myself to do that as I am insanely allergic to brokerage fees and taxes. Now, from your post, I get the hint that short term trends are unknowable and the optimum strategy may be long term buy and hold as long as the big picture remains unchanged. In this case the big picture is declining energy resources and increasing demand for energy. ??? By the way, during the tech bubble, the big picture as seen by Tobago Jack, was that there were few monopolies around. Most of the stocks were flimsy creations, not Ebay or Microsoft like powerhouses. Because of hype and the attraction of venture capital, tech stocks in the long run are less profitable than ordinary companies. Seeker