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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: jeffbas who wrote (7275)	5/22/1999 10:14:00 PM
From: Don Earl	Read Replies (1) \| Respond to of 78523

Hi Jeffrey, I've been caught a couple times in one of these occasional market melt downs and I think we're about due for another one. Anyone sitting on a lot of cash last October could just about have closed their eyes and picked anything to triple their money in a few months. While I'm usually mostly stock in my brokerage accounts, there are times when it's pretty hard to beat cash for a good "value" play. When the Fed raised rates in March of 97, the bottom fell out of everything pretty much straight across the board. It looks to me like the Dow has topped out and is headed South. Sometimes it gives out false signals so I may be mistaken, but with a tightening bias by the Fed, I think it's going to trend downwards on profit taking. We'll see. Regards, Don