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[RT] Re: sp500/nd



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In a message dated 6/5/00 4:13:39 PM Eastern Daylight Time, chmeyer@xxxxxxxx 
writes:

<< Ben:
 
 Can you tell me why you believe that timing will be king over the
 next seven years?  Do you see a flat market or more of a trading
 range market?  If the latter there will still be opportunities from
 the long side during those rallies.  If a bear, then it will obviously
 be difficult to make money from being long only.  I have a reason
 for asking this.  It has to do with thoughts of making a commitment
 to annuities.
 
 Regards,
 Chas >>
Hello

The reason  i suggested that  the next 7 years will be  a timing mkt.
are  a:  inflation  is in  and rising
b:  the normal  cycle is 10 years
c: interest rates will  stay  hi  to defend the  us  dollar
d:  market is already  smelling inflation  (gold up $4)  today  and silver 
chart  looks 
VERY  good
e:  in  that  environment  you will have  5-10% rallies but  it will be
just like  1/1973   to  1/1983
(if you bought the Dow you broke even (after  a 10 year buy and hold!!!)
hope this helps
and hope i am wrong
Regards,
Ben