| T.R | Title | User | Personal
Name | Date | Lines |
|---|
| 834.1 | Higher still | ROGER::GAUDET | Because the Earth is 2/3 water | Thu Feb 23 1995 11:48 | 4 |
| If the server update is accurate, it's even higher now!
DEC 34 7/8, change +0 1/8; DJIA 4009.05, change +36.00 at 10:33.
Report entered at Thu Feb 23 11:23:11 1995.
|
| 834.2 | A contrarian SELL signal | EVMS::HALLYB | Fish have no concept of fire | Fri Feb 24 1995 12:23 | 32 |
| Remember the formula for success in the stock market: BUY LOW, SELL HIGH
( There may be a quiz on this later :-)
Folks often look to buy low. Don't forget the bit about selling high.
In 805.6 I "predicted" the market would peak out on March 1 or 2.
If the current rally continues into the target date there is a more
than random chance that the high will be put in exactly on time, and
therefore any broad market holdings will start to fall from there.
Of course everyone has to make their own investment decisions
and take responsibility for them. I encourage readers not to
get caught up too much in the euphoria of the moment to where you
forget to consider the possibility that just maybe all the good news is
on the table and the market has factored all that good news into
stock prices. In which case this would be an excellent opportunity
to sell stock and take some profits while prices are historically high.
For if some of that good news fails to materialize ...
There isn't much point in debating the millions of reasons why the
market just has to go up from here. There are just as many reasons
why it has to go down. It will do what it will do. But the press tends
to give a bullish spin to all the news -- at least, while the market
is rising -- and so you might see and hear an awful lot of opinions
that are unduly positive. Alan Abelson and Jim Grant excepted, of course.
I remember well the euphoria of DEC trading above 199. Wish I'd been
reminded back then that trees don't grow to the sky.
You've been reminded this time.
John
|
| 834.3 | And I concur... | POBOX::CORSON | Higher, and a bit more to the right | Fri Feb 24 1995 14:35 | 9 |
|
Nice warning to all, John. I, for one, have been paring my holdings
in this nice rising market. As my Grand-daddy said every Sunday, "No
one ever went broke making a profit."
And for all you DEC holders, I believe you have already seen the
high this year.
the Greyhawk
|
| 834.4 | | CSC32::J_OPPELT | He said, 'To blave...' | Wed May 24 1995 19:53 | 11 |
| Interesting to look back on some older notes and see what
some predictions become when history arrives.
I've been feeling a bit jittery the last few months and have
been paring my portfolio out of stocks and mutual funds into
cash and bonds. I'm now 50% out of stocks. (From nearly 100%
8 weeks ago.) I'll probably make another sweep in early June,
or when another big DOW day hits before then.
My question, if I guess right, is how soon do I jump back in
after a big correction.
|
| 834.5 | If history is any guide | EVMS::HALLYB | Fish have no concept of fire | Wed May 24 1995 20:35 | 4 |
| > My question, if I guess right, is how soon do I jump back in
> after a big correction.
Better not be before October...
|
| 834.6 | Get in at the bottom - out at the top. Next question ? | DABEAN::NEARY | | Wed May 24 1995 20:45 | 7 |
| re .4
After it goes down, get in when it hits bottom.
;-)
Bob
|