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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?


To: edward miller who wrote (7606)9/4/1998 10:24:00 AM
From: Alan Whirlwind  Respond to of 42834
 
Dow opens nicely higher, then deteriorates to negative territory. Getting to be a broken CD.



To: edward miller who wrote (7606)9/4/1998 10:40:00 AM
From: MrGreenJeans  Read Replies (1) | Respond to of 42834
 
Ed

<<There is very high risk at this time>>

Fact is there is less risk at these levels than at 9300. There is more upside for the next few months than downside at these levels. All the scared cash sitting on the sidelines will be flowing into the market as the indexes rise in the coming weeks and months to follow.

There is probably less margin and speculation today than one month ago and probably just as well. The naive money that was scared out of this market by purely political events have only tax liabilities to show for it at this point in time and probably did not deserve to be in the market in the first place. Those that get scared out by political chills don't understand financial markets to begin with.

Those that will prosper are waiting this event out, invested in the market, and waiting for political events to turn; nothing fundamental has changed.