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You must be a young one. Right now the government is using everything they have
to bolster this market. What alternative did they have in Japan. Those who
rushed to the stock market lost big time. 1929 was different you had rising
interest rates. Who gained there. Stocks went into the sewer and interest rates
went to 2%. It took a war to cure that one. Whether it goes up or down if you
trade 'em you should make money. Just don't get enamored with an opinion. That
always costs money. Worse is to listen to the guru's. Good Trading. Ira
Eric Garigan wrote:
> Bullish or Bearish???
> Capital is flowing feverishly out of the bond market in the anticipation of
> another fed cut Nov 17. The general public is going to experience "rate
> shock" and turn where? To the money market for a 3-3.5% yield that after
> taxes leaves you dead in the water with inflation? To muni bonds with a
> 2-3% t-f yield? Possibly government securities for an astonishing 3% yield
> (short term) or better yet, buy a 30 year bond @ a whopping 4% yield (post
> fed cuts). Is this durable? Are you not subject to interest rate risk?
> The answer ladies and gentlemen is obvious. EQUITY MARKETS. The probability
> of stocks out performing bonds according to history is greater than 80%(this
> figure is on the conservative side). Quit watching CNBC and use that thing
> above your shoulders, not for a hat rack.
> E.G.
> -----Original Message-----
> From: OkieDame@xxxxxxx <OkieDame@xxxxxxx>
> To: RealTraders Discussion Group <realtraders@xxxxxxxxxxxxxx>
> Date: Tuesday, October 20, 1998 6:11 PM
> Subject: Re: I knew Genesis Data was Good.
>
> >And I have to wonder if it is really Welles....says who? The name line
> said
> >Van.
> >
> >In a message dated 10/20/98 7:22:39 PM Central Daylight Time,
> >TQuinn211@xxxxxxx writes:
> >
> ><< In a message dated 10/20/98 5:57:15 PM Eastern Daylight Time,
> > neal@xxxxxxxxxxxxx writes:
> >
> > << distributing millions of bits of information. I doubt if any data
> > >service will ever be prefect. >>
> >
> >
> > I wonder if Wells spelled it that way to prove a point?
> >
> > Terry >>
> >
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