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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

834.0. "New DJIA record intra-day high passes 4,000 mark!" by NETRIX::michaud (Jeff Michaud, That Group) Thu Feb 23 1995 13:21

	This isn't a prediction but I don't see a better note for this ....

	The DJIA now has a new intra-day high of 4007 (and rising) ....
	(previous intra-day high was something like 3997 I believe)

ps: I was trying to post this to toic 805 (the 1995 predictions topic)
    but someone seems to of write-locked that topic w/out notice ....
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834.1Higher stillROGER::GAUDETBecause the Earth is 2/3 waterThu Feb 23 1995 14:484
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.
834.2A contrarian SELL signalEVMS::HALLYBFish have no concept of fireFri Feb 24 1995 15:2332
    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
834.3And I concur...POBOX::CORSONHigher, and a bit more to the rightFri Feb 24 1995 17:359
    
    	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
834.4CSC32::J_OPPELTHe said, 'To blave...'Wed May 24 1995 22:5311
    	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.
834.5If history is any guideEVMS::HALLYBFish have no concept of fireWed May 24 1995 23:354
>    	My question, if I guess right, is how soon do I jump back in
>    	after a big correction.
    
    Better not be before October...
834.6Get in at the bottom - out at the top. Next question ?DABEAN::NEARYWed May 24 1995 23:457
    re .4
    
    After it goes down, get in when it hits bottom.
    ;-)
    
    Bob