![]() This market has ground-up, chewed-up, and spit out all manner of Bears, including such lofty names as Dudak, Eliades, Grant, Metz, and Prechter! |
The market is causing considerable uneasiness at these lofty levels it's true, but
it's still the only place to be. As long as inflation and interest rates remain low,
there shouldn't be too much concern. Even with the anticipation of a potentially
greater negative Asian effect, and U.S. Corporations showing a slower earnings
growth compared to 1997, you have to stay in this market.
The U.S. stock market is going to keep going up, in spite of occassional set-backs that will sometimes be fairly dramatic. This market has ground-up, chewed-up, and spit out all manner of Bears, including such lofty names as Dudak, Eliades, Grant, Metz, and Prechter! There are some brilliant people included here, but sometimes in life you can be so smart that you're dumb! No one knows when this Bull will finish its run. Your best bet is to stay fully invested, but AVOID MARGIN!!! This way you will not be forced to sell promising stocks because of a margin call, and you will have the investor's best friend - staying power! All market participants, from rank beginner to seasoned pro, hate to be reduced to hoping. That having been said, our hope is that the market will go down somewhat gradually at first, after it has peaked. This could well be the case as many investors will view it as a temporary pause, such as we have seen many times this whole bull market. Stay tuned.
The Market Pro - April 13, 1998
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