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Strategies & Market Trends : Evaluating Rumors and News Along With T/A and F/A -- Ignore unavailable to you. Want to Upgrade?

To: Capt who wrote (38)	9/22/1998 9:23:00 AM
From: LK2	Read Replies (1) \| Respond to of 141

Futures currently indicate a strong opening today: S&P 500 DEC98 1041.00 +1050 My explanation for yesterday's crazy price action (massive opening selloff, then strong recovery by the close): the market does what it wants to do. Predicting tomorrow's stock price is an exercise in futility (unless you're getting paid to shoot off your mouth, like the professionals on Wall Street). Evaluating rumors and news, along with T/A and F/A, helps to satisfy our need for reassurance (when we've got money in the market). But there is no real way to make money from it (reliably). In the real world, buy-and-hold is probably as good or better than any stock-picking or timing any one of us can do (taken as a group). There will be some winners in stock-picking/timing, but the losers will be the larger group of us. That's just the way it works. The problem is, none of want to accept the idea that we can't make a lot of money in the stock market. It seems so easy. And it is easy, until you try to grab some of that gold for yourself. Regards, Larry PS: When I'm talking about buy-and-hold, I'm talking about a broad-based mutual fund, or a diversified group of stocks. I'm not talking about buying and holding a group of stock options, or holding one or two stocks for your stock portfolio.