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Pastimes : Don't Ask Rambi -- Ignore unavailable to you. Want to Upgrade?


To: Rambi who wrote (21512)4/12/1999 8:05:00 PM
From: accountclosed  Respond to of 71178
 
I don't either though. I don't have confidence that logic will prevail this time. And I keep hoping right along with you. What we have to do is pace our bets so that we are in the game when logic does prevail. lose a dime, lose a nickel, lose a dime, lose a penny, make $1.25...we never know what the timing will be...but let's be there when reality returns.



To: Rambi who wrote (21512)4/12/1999 9:32:00 PM
From: BlueCrab  Respond to of 71178
 
The "seasoned" investors ignored a very important piece of fact - a helluva lot of the money coming into the market for the past four years is from newbies buying last year's news through muttfunds. And, because there are so many of them, they win. It's like a fire storm, it keeps burning even after the fuel is gone, until it finally uses up all the oxygen.

So where are we? There is plenty of fuel left, but it's in small- and mid-caps, and since few of the mutual fundies recognize any of the names, they go nowhere. And of course the mutual fund mgrs tout their product's gains over the last few years, suckering even more investors who recognize the names GE, IBM, GM, Microsoft, Procter and Gamble, Gillette ad nauseum. Do the small caps become recognized before the oxygen runs out?

You'e right - Jules and others here at SI are knowledgable and savvy - for a market full of such investors. When faced with a market full of Nifty-Thirty investors (plus the hardy few with the internet on their minds), their knowledge leaves them out in the cold.