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Strategies & Market Trends : A.I.M Users Group Bulletin Board -- Ignore unavailable to you. Want to Upgrade?

To: JZGalt who wrote (7558)	5/30/1999 2:33:00 PM
From: OldAIMGuy	Read Replies (2) \| Respond to of 18928

Hi Dave, "The outcome I most fear is something like last summer where markets are reacting out of fear and near panic. Without those pauses after the US market closes and before the asian markets open, or before the eupopean markets open, I think that the reflection on "what should I do?" will be overridden by "cut your losses!!" and "preserve your capital!!!". " Just remember our motto,"BUY FROM THE SCARED, AND SELL TO THE GREEDY!!! Yes it would be a shame to drive the markets too far to the Fear side as it sometimes takes years to erase those scars from memories of investors. Best regards, Tom

To: JZGalt who wrote (7558)	5/30/1999 11:41:00 PM
From: Kathryn Anshutz	Read Replies (1) \| Respond to of 18928

Hi Dave - When I was writing about an efficient market, I was thinking of a time yet to come when 24/7 would be routine on an international basis. I think trading can go on 'round the clock because people have always been willing to do night-shift work in order to support themselves. Of course there would still be days like Friday when everyone is waiting for the next market leaders to emerge. Pre- holiday trading days are usually thin as well. In the past, I have been able to take advantage of that if I wanted to buy a thinly traded low-priced stock. That should continue to be good for us AIMers. We'll need an alarm system however when the inevitable unforeseen events trigger a sell-off while we sleep. I think you're right about 24/7 creating thin markets initially though. After all, it's new to stock traders and everyone is going to want to see a trend line on their charts before they commit to any strategy. I think currency traders already have extended trading hours, however, so maybe we should look there for a model of things to come. Just a thought...