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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: James Strauss who wrote (19680)	8/31/1998 12:06:00 PM
From: Riskmgmt	Read Replies (2) \| Respond to of 50167

Jim Sometimes the rubber band breaks when it is stretched too far... We may now be seeing this in the markets as one support level after another is broken... People are selling the rallies... That's more typical of BEAR market psychology than what happens during a correction in a Bull market when people buy the dips and hold.... You might be right. However, time heals all wounds and even if this is the start of a bear market, companies do have an intrinsic value based upon their ability to generate earnings. Unless you believe the civilized world is coming to an end a bottom will be found and like the overdone on the upside you will get an overdoing on the downside. The trick is knowing when and where that will be. No one knows, therefore you either follow TA or fundamentals or value shop or whatever system works for you. Stocks like Intel at low 70's looks awful cheap to me but WDIK. Ray