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Hello Bob
Can you share some really excellent values?
nice week end
Ben
----- Original Message -----
From: "BobsKC" <bobskc@xxxxxxxxxxxx>
To: <realtraders@xxxxxxxxxxxxxxx>
Sent: Saturday, July 20, 2002 4:47 AM
Subject: Re: [RT] : [MedianLine] Log Chart:Quarterly SP500
> My opinion with regard to individual investors is that they are so
> convinced that "buy and hold" is the only way to go and that they should
> not give in to temptation to sell at the bottom, that the panic which has
> marked previous bottoms, may not materalize. (Except possibly by
> institutions).
>
> The fact is that there are some really excellent values in the markets now
> and there are other issues that are *still* insanely over-priced. One day
> .. maybe .. "in a galaxy far, far, away" .. we will reward stock pickers
> who know what they are doing and stop herding to the door or to the buy
> window. This "truth in financial reports" deadline is going to keep
> pressure on equities as investors try to guess who will be forced to own
up
> to a "new truth". My feeling is that other than this, we have enough
> people who think the markets are doomed that we could find a bottom soon
> and we also have enough who expect us to find a bottom soon, that we may
> not find it. I do know there is going to be continued volatility and that
> is what makes traders money.
>
> Good luck to all of you next week... be nimble and keep an open mind.
>
> Bob
>
>
>
>
>
> At 01:51 AM 7/20/2002 -0400, you wrote:
> >Adrian,
> >
> >There is little doubt that your post [in response to Clyde's gif] has
> >a great deal of validity. The fact of the matter is the people giving
> >this "unsound advice" are trying to avoid a run on the stock market
> >[further cashing out]similar to a run on the banks.
> >
> >That is not to say the advice is to be condoned but hopefully
> >understood. They are basically trying to buy time.
> >
> >Greenspan to Buffet know this and hence their All American promo....
> >One veiled and one overt.
> >
> >My compliments to you.
> >
> >John
> >
> >
> >
> >------------------ Reply Separator --------------------
> >Originally From: "Adrian Pitt" <apitt@xxxxxxxxxxxxx>
> >Subject: RE: [MedianLine] Log Chart:Quarterly SP500
> >Date: 07/20/2002 03:10pm
> >
> >
> >Clyde,
> >
> >Whats scary, is that people would even postulate such unsound advice.
> >It seems the
> >level of complacency in this market is amazingly resilient.
> >Economists,
> >strategists and
> >now some technical people are all largely suggesting the market is
> >undervalued (although they
> >say the US is still overvalued relative to others). Is everyone
> >missing
> >what is happening
> >here? People's sacred capital is at risk and its suggested we should
> >buy more? It seems
> >so few understand the concept of risk..it staggers me beyond belief.
> >The lack of understanding
> >is at every level in the hierarchy. It seems every still wants to
> >pick
> >the low...doesn't that tell
> >you something? I read the online stuff and al the papers this
> >weekend..and its all the same.
> >Markets should be higher in a years time..as the economy is growing
> >and
> >where undervalued.
> >OH MY GOD!! Anyone who follows this line of thinking is done for.
> >Very
> >few people in my
> >observation truly understand what is happening right now. Of course
> >the
> >economists literally
> >have no idea. They say the market 'should' be going up because the
> >'recession' has already
> >ended...LOL...
> >
> >Now make it clear...I'm not a doom and gloomer...I'm a realist. But
> >in
> >all my years I have never
> >been more scared about what lies ahead...and you should be too. That
> >means capital preservation
> >is RULE NO 1. The market is shouting loud and clear that all is not
> >well....forget the fact the US
> >economy is still growing. This decline is NOT just a P/E contraction
> >phase, although that is a
> >large whack of it. It will be many months before you see economic
> >numbers appear to validate whats
> >happening in the market. Do you want to wait for that when it can
> >drop
> >5% in a night?
> >
> >It not hard to deal with. If the market is going down it will make
> >lower lows and lower highs. If its
> >going up it will make higher highs and higher lows...simple. Remember
> >what Gann said...no low
> >is too low to sell...no matter how low it may seem. People have
> >become
> >accustomed to absurd
> >valuations....this is changing. It will hurt many
> >people....especially
> >those who can't except reality
> >or those that suggest you should buy even more shares when your
> >already
> >losing money?????
> >
> >Adrian Pitt
> >
> >-----Original Message-----
> >From: Clyde Lee [mailto:clydelee@xxxxxxxxxx]
> >Sent: Saturday, 20 July 2002 2:24 PM
> >To: MedianLine@xxxxxxxxxxxxxxx
> >Cc: Realtraders@xxxxxxxxxxxxxxx; Swingmachine
> >Subject: Re: [MedianLine] Log Chart:Quarterly SP500
> >
> >
> >First, I apologize to those of you who are members of more than one of
> >the
> >three lists that I am posting this to.
> >
> >This post is to try to put some real perspective of this "bear" to all
> >prior
> >bears since (but not including) the 1929 fiasco.
> >
> >As you will see, we are in a zone where it is really hard to estimate
> >whether
> >investor confidence will recover enough to turn around very soon or if
> >we
> >are to be drug down to some of the further depths to which the market
> >has been subjected in prior years.
> >
> >Later this weekend I will modify the SM program and only record down
> >moves
> >that have lasted 4 to 8 months and post them on a chart similar to
> >this
> >so we
> >can have some more ideas of what may happen very soon.
> >
> >The interesting thing is that even if we are not at the bottom, two
> >years from
> >now we can expect to be somewhere in the range of 9,500 to 15,000.
> >
> >If the latter figure is true (and a bunch of projections point in that
> >direction)
> >then we could have an increase to 200 % of present value of a
> >portfolio
> >if
> >we just bought the DOW stocks.
> >
> >Kinda scary/amazing is it not ? ? ? ?
> >- - - - - - - - - - - - - - - - - - - - - - - - - - - -
> >Clyde Lee Chairman/CEO (Home of SwingMachine)
> >SYTECH Corporation email: clydelee@xxxxxxxxxxxx
> >7910 Westglen, Suite 105 Office: (713) 783-9540
> >Houston, TX 77063 Fax: (713) 783-1092
> >Details at: www.theswingmachine.com
> >- - - - - - - - - - - - - - - - - - - - - - - - - - - -
> >
> >
> >----- Original Message -----
> >From: John <mailto:jjw@xxxxxxxxxxxxxx> Wintels
> >To: MedianLine@xxxxxxxxxxxxxxx
> >Sent: Friday, July 19, 2002 8:58 PM
> >Subject: Re: [MedianLine] Log Chart:Quarterly SP500
> >
> >Thank you for finally saying it! Please forward to O'Reilly, Imus,
> >Peter Jennings, The Today Show, Meet The Depressed, and the guy
> >standing
> >on the ledge over there . . .
> >
> >----- Original Message -----
> >From: Mr. Kevin <mailto:bantz@xxxxxxxxxxx> Bantz
> >To: SPX_Swing_Trading@xxxxxxxxxxxxxxx
> >Sent: Friday, July 19, 2002 9:24 PM
> >Subject: [MedianLine] Log Chart:Quarterly SP500
> >
> >Putting things into perspective, it doesn't look so bad...
> >
> >
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >MedianLine-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
> >Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service
> ><http://docs.yahoo.com/info/terms/> .
> >
> >
> >
> >
> >
> >
> >To unsubscribe from this group, send an email to:
> >realtraders-unsubscribe@xxxxxxxxxxxxxxx
> >
> >
> >
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>
>
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