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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
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