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wong wrote:
> <snip> + + + + +
>
> (The above is extracted from the Nov 98 issue of a newsletter I subcribe to.)
>
> Note 1: 98
> Note 2: October 98
>
> Sounds familiar?
>
> You read similar comments several times every year. As far as I can
> remember, this bearish prediction or something similar has been going on at
> least for 6 years.
>
Funny how regularly indeed we see the crash talk start all over agin on this and other
lists... And each time the market rose soon after.
>
> The boy who cried wolf. We know that eventually the wolf WILL come. We
> just don't know EXACTLY when.
>
No, we don't know anything. If I look at a 50 year or 200 year chart, I see a bull
market, period. If I look at a 1000 year chart, I see a bull, period. If I look at
history itself, I see a bull, period. nothing moves in straight lines, so there are
disruptions, which always create huge opportunities. The rich don't go bankrupt usually
in bear markets, the speculators do. It is only a question of risk assessment and
prudent managing. Keep positive cashflows at all times and the sky is the limit. No
bear market will change that.
Gwenn
>
> <snip> Regards,
>
> Wong
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