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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?


To: Bald Man from Mars who wrote (6716)4/10/1998 3:15:00 PM
From: Pancho Villa  Read Replies (4) | Respond to of 18691
 
>Wait a minute, if someone like you who do all the homework can
lose 25% in four months, it is telling me a very scary future
for those uninformed investors out there who think this market
is going to go up forever.<

That is why some very smart people say it is difficult to outguess the market. I am still short but IMO the smart thing to do here would be to go into cash* and then get back into the market using dollar cost averaging either right now or once the market corrects. Once you go back in index yourself internationally through market wide index funds/SPY's and webs

Pancho

*another set of very smart people would tell you to stay in the market if you are already in. What I think would be foolish is to get in now with 100% of what you have got.

BTW lobster was good but the price went up to 20.95 for twins. They say it is the season (coming out of winter). Or is it inflation? the winter price last year was 14.95, 12,95 summer.



To: Bald Man from Mars who wrote (6716)4/10/1998 3:21:00 PM
From: larry  Respond to of 18691
 
Bald men from mars,

It's indeed scary that the more research you do, the more $$$ you lose if you are a bear, at least in the past several years. I know several very smart hedge fund managers who work extremely hard and they still underperform the market by a wide margin. However, all of them suddenly outperformed the market when they threw out their old rules and valuation models. I did not make this up and all of them are happy right now. Also they have more time to spend with their families now.

happy trading,
larry!