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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Phil Forbes who wrote (3104)	9/28/1998 11:05:00 AM
From: Mama Bear	Respond to of 4634

Well, thanks Phil. But really, I've only been involved since 1996 (I don't count the 401k contributions since 1981). While I probably have picked up more in that time than most folks would have gotten I try to be aware of my limitations. Of course I find the fact that I've become a professional trader to be a serious indicator of a top. <g> Seriously, all manner of shoe shine boys have turned pro and are now giving their market advice on the 'net, or are publishing newsletters with email alerts. TokyoMex is the number one people marked name on SI. People are not only counting on a comfortable retirement from their stock holdings, but a luxury retirement. All they have to do is count on those 30% per year returns. Now, let's not assume that I've gone completely to cash, or that I'm shorting the indices. Neither is correct. My overall portfolio still has a 62% exposure to equities. But this is down from just over 90% at the start of the year. We'll see how it comes out in the end. Barb