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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Haim R. Branisteanu who wrote (4142)	4/29/1999 6:03:00 PM
From: Goldbug Guru	Read Replies (1) \| Respond to of 5676

Haim, Those who wait will make a killing later on. Just take a look at some of the dow stocks: Hewlett Packard ...all time high J.P. Morgan ... very high Johnson & Johnson ... near all time high American Express ... near all time high Citigroup ... all time high Mc Donald ... very high IBM ... outrageously high Proctor & Gamble ... too high Wal-Mart ... too high General Electric ... highhhhhh I find it quite amusing that CNBC is trying to hype up cyclical stocks after they had their biggest run up this year. Alcoa ... all time high Caterpillar ... all time high Dupont ... all time high International paper ... all time high Chevron ... all time high Exxon ... all time high General Motors ... too high Union Carbide .................etc Financial, oil, and IBM lifted the dow jones quite a bit this year, but these sectors already been bid up to outrageous prices. Cyclical stocks are at all time high. I doubt anyone will bid up alcoa, International Paper, Boeing, and etc to $100.00 People need to look at the upside and downside, upside is limited but the downside can be a steep fall. Time to keep cash. I'm still holding a few stocks like Infospace.com, Bid.com, and so on. But mostly cash in my portfolio.