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To: LK2 who wrote (389)12/22/1998 12:29:00 PM
From: William Epstein  Respond to of 1989
 
Larry Kuznets;

With specific regard to SEG. A broker once said to me "If a stock can't go up, it goes down". It is a seemingly senseless remark (no logic) but it usually works that way. SEG has been over 34 on 3 different days with a high of 34 1/2. If it doesn't break beyond that high soon I would guess its going down for a while. I'm still a longer term, raging bull.



To: LK2 who wrote (389)12/22/1998 4:02:00 PM
From: Yogi - Paul  Read Replies (1) | Respond to of 1989
 
Larry,
<Market bubbles drag the entire market higher.>

No, Larry. Value exists. All it takes is guts and belief that the market is indeed in a historic bubble.
If your long term goals are 8-12% annual return on investment, there is no better time to begin buying oils, farm equipment, steel, papers, basic industries. Problem is, many on these boards and many new investors expect daily returns of 8-12%.
As for me, when I see Brent North Sea Crude at < than $10.00 barrel, I say Gimmee! But then, at 41, I must be an old fart.
quote.yahoo.com^DJC&d=my

Sorry to be so far off topic,

Yogi