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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?


To: Cynic 2005 who wrote (9475)11/26/1997 10:23:00 AM
From: KellyW  Read Replies (1) | Respond to of 18056
 
Zeev and Mohan, I covered my short of YHOO for a break even today. Had I covered 2 days ago, I would have made 3 grand in the same day. Lesson to be learned? Yep. Cover at the end of the day if you had great run that day. I am now long TLDCF. They are an Israeli company much like AFCI (Advanced Fibre). The stock is at a deep discount. Their earnings are strong, strong, strong, etc.



To: Cynic 2005 who wrote (9475)11/26/1997 10:30:00 AM
From: Sam Citron  Read Replies (2) | Respond to of 18056
 
Mohan,

People tend to save for their retirement and there are alot of these savings sloshing around the system providing liquidity. It's not the Fed. It's primarily market forces. Market forces are much bigger than the Fed. The US economy and political system is the envy of the world and sure we are benefiting from a flight to quality. I do not think this is about to change very quickly.

Have you found it to be more profitable to look at WS through the lens of a "bear" rather than to be agnostic about the movement of the overall market while seeking out particular extremes of overvaluation and undervaluation? If I were to believe, as you do, that the market as a whole is 40% overvalued, I would be heavily short stock indexes. Is this your position?

SC