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

To: Zeev Hed who wrote (12067)	12/21/1997 6:47:00 PM
From: sammy levy	Read Replies (3) \| Respond to of 18056

Zeev, All of us have the right to change our opinion,and we do,Only the stubborn ones dont (even if they are wrong);However we do not influence the public's actions and reactions. Awhile back i recieved a letter from the lady (i cant spell her name) who predicted the 1987 crash,in that letter she calls the market a bear,and recomends to get out.2 months later(the BULL was still running),I get from her another letter in which the market is a bull.Can u imagine into what kind of a mass her followers got themselves into. My point is this-we should not pay too much attention to the calls of the experts.We should follow our common sense and gut feelings. Besides,I am sure the experts calls are biased by their holdings. Sammy P.S The market has been overvalued,and it should go down 20%,however I have my doubts that it will go down that much due to my generation,the BABY BOOMERS.The big plunge will come when we get close to retirement.