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Non-Tech : Philip Morris - A Stock For Wealth Or Poverty (MO) -- Ignore unavailable to you. Want to Upgrade?

To: Rarebird who wrote (2269)	9/4/1998 1:25:00 PM
From: Geoff	Read Replies (1) \| Respond to of 6439

Rare, I respect your opinion, yet still disagree. We have been in a bear market for much longer than it seems. It's just that the large caps have kept many investors from seeing clearly, as the S&P and DJIA have outpaced other broader indicators. I still think that the Fed's easing of rates and printing new dollars will go a long way in helping the global economy recover before it affects the US economy in a major adverse way. Perhaps the school of hard knocks is the best teacher, but I remain optimistic that the money I am dumping in now will recover quite handsomely when I cash out in 30 years. IMO its better to just stay long in the market, period. All this short-term (which in my eyes may even last well over a year) "bearishness" is good for is to make money on options trading if you know what you are doing... My strategy is to keep playing off the volatility, and continue using those proceeds to add to my long position. The returns I've made on the CBOE are a lot higher than those from having my money sit in some money market fund. "Weak hands are not selling here. Its astute minds and strong hands that understand the economic reality." Money market vehicles are nice now if you are worried about your money because you plan to cash out within a few years. For me, options are far more enjoyable and profitable investment options for these ever-so-volatile time. And my long positions remain long because the inevitable march of stock prices will continue to go up. Maybe not today, or next month, or next year, but they will recover, and I plan to be long to the gills when you inform me we have entered the "New Bull Market." And for now, I sit long on my MO. best of luck, and have a good holiday, geoff