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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (3677)	2/20/1999 9:38:00 AM
From: Pied Piper	Read Replies (3) \| Respond to of 57584

You make a really interesting point here, one that has been dawning on me lately as I start to learn more about how the market works. (I wouldn't call myself a newbie but definitely a novice). However, of course, there are opportunities to make money in ANY market, just that in a bear market there are fewer chances for big hits, long or short. A piece of "conventional wisdom" that has been bugging me lately is the notion that everybody can win in the market. Now looked at in a global sense there is some logic to it, as the general trend of the market in the long term seems to be upward (some disagree even with this). However, on a stock by stock basis this cannot be the case. Even a Microsoft has a life cycle and somebody will be left holding the bag. If one is uncomfortable with the notion that one's gains in the stock market come at somebody else's expense, then maybe one should go into fixed income investments. This faulty "everybody wins" thinking is the same thing that has led to the proliferation of chain letters and pyramid selling. PP

To: Rande Is who wrote (3677)	2/20/1999 5:52:00 PM
From: J.S.	Read Replies (1) \| Respond to of 57584

Rande says "Short-selling can be profitable in a bull market" but Joe knows it can wipe you out as it nearly did me before I learned not to question why and just go with the flow. My wife who has never traded stamps coins or baseball cards, let alone stocks has been saying "I told you so" for months. She really thinks she is an expert or something. Every time I report a trade gone south, its the same old story....of course every success is greeted with open palms and a "charge it" attitude. *^).... ;^( I do think we will have a bear market after a fools runup in March. I think puts on the S&P 500 will be the way to go. Have a nice weekend, Joe