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Sometimes I do things for which there is no understanding. :)) I sure
wrote that but in my mind was 10-15% (The often suggested correction
figure). My apologies to the list for using that set of misleading
figures and my thanks to Steve for setting me straight. I stand by the
rest of my post and even though my figures were mis-stated, the correct
numbers still make the case I was attempting to make.
(Of course, a conservative portfolio of say LU, T, AOL, CMS and DIS would
get you all of a 25% correction)
Best trades to all,
Bob
At 07:51 PM 8/20/99 -0400, swp wrote:
>Bob - How can you say 20-25%? The S&P 500 was down only 11.5% at its
>worst and even the NASDAQ comp was no place near 20%?
>
>Steve
>
>---
>Steven W. Poser, President
>Poser Global Market Strategies Inc.
>
>url: http://www.poserglobal.com
>email: swp@xxxxxxxxxxxxxxx
>
>Tel: 201-995-0845
>Fax: 201-995-0846
>----- Original Message -----
>From: BobsKC <bobskc@xxxxxxxxxxxx>
>To: RAY RAFFURTY <rrraff@xxxxxxxx>; Real Traders
><realtraders@xxxxxxxxxxxxx>
>Cc: Real Traders <realtraders@xxxxxxxxxxxx>
>Sent: Friday, August 20, 1999 5:41 PM
>Subject: Re: Watch out for Monday
>
>
>> I expect a neutral to positive day. Expectations are lessening for
>an
>> increase now and if it happens, it's been factored in anyway. Not
>only
>> that but there is such a high percentage of nay sayers now that the
>market
>> has little choice but to move up. Last, the dow is very misleading
>here.
>> Anyone holding a wide spectrum of stocks these past few weeks is down
>an
>> average of 20-25%. Anyone nimble enough to have been jumping through
>the
>> hoops as sector favorites changed has done well but for investors,
>we've
>> seen a correction of significant magnitude even if it doesn't clearly
>show
>> on indice charts.
>>
>> Bob
>>
>> At 02:40 PM 8/20/99 -0400, RAY RAFFURTY wrote:
>> > Hi RT's, Add to that, August malaise and a FOMC meeting on
>Tuesday
>> >and you have a formula for a big move to the downside. Have a
>great
>> >weekend, all. Good luck and good trading,
>> > Ray Raffurty :Three steps and a
>stumble."
>>
>>
>
>
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