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Should this scenario play itself out, what would be expected of the various
categories of bonds?
Linda
----- Original Message -----
From: Ira Tunik <ist@xxxxxx>
> If you believe in DeNapoli, the Fib numbers, and Eliot then there is
> nothing to worry about. The dow can drop to about 4000 and you would
> still be in a bull market or a retracement from one of the really long
> waves. Once again the bull and the bear are defined by time frame.
> The trader will be short for most of a down side run. The long term
> investor would be out about 2/3 of his capital and the margin player
> would have had his last margin call months before this number is
> reached, if it ever is. Those who like to accumulate positions on the
> way down will find the folly in that theory after a very short period of
> time. But like every market, if the down draft or prolonged bear
> occurs, there will be stocks and futures that will go up. That is the
> nature of markets. Someone always benefits, no matter what the
> condition.
>
> Just a thought to end the week end. Ira.
>
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