|
PureBytes Links
Trading Reference Links
|
Shhhhhhhhh, Bob. You're gonna spoil a great buying opportunity if you
keep this up. Stop being a lone rationale voice.
Regards,
Mike
---
Aboard 35' Edel Cat "Moongate" in New Bern, NC
----- Original Message -----
From: BobsKC <bobskc@xxxxxxxxxxxx>
To: Terry S. Smith <tesla@xxxxxxx>; <realtraders@xxxxxxxxxxxx>
Sent: Sunday, October 17, 1999 3:40 PM
Subject: Re: where will the selling end?
> Tell me this.. why would you possibly suspect we have ended a bull
market
> right in the middle of the most prosperous times we've had in 45
years?
> Unemployment is near all time lows, inflation is nearly
> non-existant, corporate profits are fantastic, growth is showing
little
> sign of letting up and the world is at peace with recently bruised
> economies showing signs of recovery. So, we are going to enter a
bear
> market because we took back 3/4 of a point in interest rates that
were
> given to help Japan's economy? Or because xyz company didn't meet
earnings
> expectations? Rediculous!
>
> I saw the last bear market .. it was in 1982 and we had 22% interest
rates,
> huge unemployment, stagnant business growth and a white house that
lived in
> never never land with Peter Pan.
>
> Don't let the chart/star/stats/history/ or any of the gann/slam/bam,
> wave/mave/shave watchers upset you. Every one of these 'methods' is
right
> half the time and sometimes, several times in a row. (Just like
coin
> flipping). Keep your head, use it and remain calm. There are at
least as
> many undervalued stocks right now as there are overvalued stocks.
A
> 10-20% correction is not a bear market, it is a display of good
health in a
> long ranging bull market showing no signs for concern. Electing a
> democratic congress and a democratic president would be showing
signs for
> concern. (See 1982).
>
> Follow the fundamentals and follow your common sense. October will
be
> over soon and everyone will be talking about how well the market has
done
> over the recent past instead of the October horror stories. In the
mean
> time, traders don't care where it goes for more than an hour or two
anyway.
> Position traders should be looking at the values being created by
the
> Octoberites.
>
> Anyway, I'm off to throw some bones .. I want to see what tomorrow
brings.
> :))
>
> Bob
>
>
>
>
> At 01:57 PM 10/17/99 -0700, Terry S. Smith wrote:
> > &P's may now begin to trend, the last decline should be helpful
> >determining where this most recent decline should end. Allow me to
> >explain. & to what price we might find a bottom. Happy trading.
>
|