LONGING THE DOW + FTSE = MASSIVE RALLY AHEAD-part 6(into the new year)

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nulliusinverba - Sun, 30 Dec 01 :

Bulls x Bears = Bulls**t to me. Like most people investing or trading, I'm in the market first of all to make a profit, and also for a bit of exitement. I prefer a rising market, but realism suggest's the ability to also profit from a falling market.

Anyone who invests in the belief that the market correction is almost over,ie, over in a further six months, is I submit, seriously mistaken. Look for a further reduction of 40% to 50% in the DOW, and 30% to 40% in the FTSE. at the very least.It might be sooner, or a little later, but happen it will.

If you must invest then at least avoid financial services companies, credit card companies,merchant banks, etc. If you invest in a mutual fund, dump it. Look for cash rich companies which are undervalued, they will be in a position to snap up competitors at bargain basement prices. Cash will be king this time next year, definately not to be sneered at.

The last few years have been great, but now is the time for realism.

Prosperous new year to all.


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