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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Chris who wrote (10125)	6/11/1998 6:59:00 PM
From: Robert Graham	Read Replies (2) \| Respond to of 42787

I was surprised that we surpassed 10,000 posts already. I am still in Michigan using a friends computer. I will be flying back next Tuesday. Bob Graham

To: Chris who wrote (10125)	6/11/1998 11:37:00 PM
From: Kenneth R Miller	Read Replies (2) \| Respond to of 42787

Hello Thread... I picked up some market commentary that you might be interested in reading... "The bottom line is, we're basically bagged until the end of the summer," said Scott Bleier, chief investment strategist at Prime Charter. "This is a trading-range market, and it's going to be very discouraging. We are having a direct inverse correction to the magnificent run-up we had in the first part of the year. The market has sustained a lot of technical damage, and it's going to take at least four to six months to correctly work it out, to let the damage heal, before the market can sustain any kind of meaningful move to the upside." Bleier, who stresses as ever that he sees the long-term, secular bullish trend as intact, nevertheless sees a host of negative factors straitjacketing stocks in the coming months. It's all part of a spreading slowdown in economic activity, the kind of trend that leads to strength in defensive areas like utilities. "This slowdown is palpable, it's happening, it's underway," Bleier said. "You see it in the combination of a bevy of earnings preannouncements from big-cap to small-cap, the threat of the devaluation of the Chinese currency, the dollar powering higher, the bond yields making multiyear new lows." Despite the possible allure of surfing through this uncertain period with a trader's mindset, Bleier said he's advising investors with a longer-term horizon to resist the pull to flip stocks. "Individual investors should not be buying stocks for the hype," he said. "Individual investors should be buying stocks they like when they're cheap."