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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Barbara Barry who wrote (20235)	6/12/1998 6:45:00 PM
From: James F. Hopkins	Read Replies (3) \| Respond to of 94695

Barbara; Yes the high/low looks not so good, my call is short term, as far as I'm concerned the stock market is on thin ice, and has been for some time. I gamble but most of my money is and has been in bonds. With interest rates so low I'd hate to buy bonds right now. Heck I have some rather short term stuff that will come due this Fall, right now it's paying over the 30yr rate. I'l cross that bridge when I get to it, if I live that long. My advice is and has been, stay out of dept, invest in yourself, & learn the local real estate market, or open up a small business. The Stock market is nothing but a glorified Las Vegas, or race track. I love playing it, but if one wants to get rich off it you need to become a broker. Most of the Hype about it is no were, near the truth. They point at low points and compare them to high ones to sell people on how great it is. They drop dogs out of the indexes and bring in fast runners, yet if you tracked the dogs they dropped and took that away from the highs, and then compared only highs with highs you would soon see the stock market over time does not beat compound interest if you were to buy the bonds at the right time. Also take off all the companies that go belly up..from the hyped and salted indexes. I know that 80% of the mutual funds don't beat the S&P, the few that do don't do it by much. ( and they leave out what the S&P dividend is, but figure in their own ) It's all a game. I also know 80% of the individual investors don't beat the average mutual fund. ( I've looked at the books of a major brokerage firm ) How long will this market run I don't know, calling a top is much more harder than calling a bottom. But I don't play with any money I consider critical , I never bet the farm ; it's paid for and will stay that way. I think we will go up this coming week, and have placed a "bet" on it. I am beginning to have my doubts about it making 10000 this year, but it might. Jim