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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Philipp who wrote (1177)	8/20/1998 8:46:00 AM
From: Arik T.G.	Read Replies (3) \| Respond to of 3339

Hi Phil, >>proper multi-year "corrections" are once-in-a-lifetime events. I agree wholeheartedly, and I strongly believe that such an event has a very high possibility to have just begun. >>So I would not bet the house on it. But I will, should the circumstances be right, next Thursday. ATG

To: Philipp who wrote (1177)	8/20/1998 9:35:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 3339

I agree with you. 1929-1932; 1973-1974; and here we are, 24 years later, with valuations higher than ever and with the frothiest stocks frothier than almost anything seen in the century. I also agree that although a few people will make money on the downside, the great majority of prudent souls would be best to be in cash (at least I take that to be the implication of what you said). This worked very well for me in 1973-74, resulting in a lasting doubling of my capital at the time--a 100% gain--with very little risk. Even at 20%-per-year gains in the latter part of this bull market, that was still an awfully good return for the period 1971-1975--and it did not go away.