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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: Cynic 2005 who wrote (14345)	11/16/1997 2:47:00 PM
From: Riskmgmt	Respond to of 50167

Hi Mohan; Re! In December, the earnings warnings will be dire, IMHO! Don't go in to December without unhedged long bets. In the week of Thanksgiving, the down-draft continues. So much for my plan to average down<G>. I take it that you remain in your belief that valuations are still too high and that we have entered a bear market. I have very much enjoyed your discussions and debates with IKE re; bear/bull. valuations etc., and hope that the thread returns to these more constructive pursuits. And I wasn't kidding about you disagreeing on stocks like Ascend, I didn't do my homework on that one and wish someone had been more bearish before I entered a long position. Me and everyone else eh? <G> As to, if we have experienced a correction or the start of the bear market, my thoughts are: 1. Interest rates are low compared to the last 30 years or so. 2. U.S. Economy is strong. Deficit down-unemployment down. 3. Peace dividend-more talk of military cut backs-base closings. 4. lower taxes-capital gains lowered-talk of flat tax. 5. techknowlogy induced production increases. I could probably go on but suffice to say that, it is hard for me to see these conditions as furtile ground for a bear market or a crash. I think in a further sell off(if there is one) I'd be tempted to look for quality stocks cheap (cheaper). IMHO. However, I respect your views and do consider them. regards, Ray