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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Sandy J who wrote (3064)	1/24/1998 10:44:00 PM
From: Bill Shepherd	Respond to of 42834

RE: What to do with money Indeed, a confounding question! I think this thing is going to play out quickly...in the next week or two. Moreover, I think that Monday would be a good day to take a little money off the table. Not much, maybe 5 to 10 percent. Then wait for the buying opportunity. Of course, this is just my opinion. Anyone think that the paper industry will have a good quarter :-)) Bill

To: Sandy J who wrote (3064)	1/25/1998 2:20:00 AM
From: Tim Bagwell	Read Replies (1) \| Respond to of 42834

do I pull my money into cash and wait to take advantage of the dip I feel fairly certain will come? It's a question we would all love to know the answer to. My guess is that if you're in the market then you should stay the course. If there is a dip then you'll have to ride it out. Don't take the tax hit just because of this event. However, if you have cash then you might want to take Bob's targets and discount them a bit for this latest uncertainty. I think there is a good chance the market could fall below Bob's targets for a period of time. I'm thinking something around 90 for SPY. But its just a guess, of course.