If there is a ralley at the end of the day... It might be normal profit taking which I am told (since I have absolutly no expertise in the field) is what happens this time of year.

-- Michael Erskine (Osiris@urbanna.net), January 04, 2000

Answers

Not necessarily.

1) There is no such thing as a "profit taking" sell off.

2) There is no difference between paper losses/profits and real losses/profits except for tax accounting purposes.

3) recessions do not predict stock market sell offs, stock market sell offs do not predict recessions.

4) buy the rumor , sell the fact (it is not after the fact)

5) good luck cancels bad luck in the long run

6) in the long run we're all dead

-- Sandwich (anon@anon.anon), January 04, 2000.

correction 4) (it is now after the fact)

-- Sandwich (anon@anon.anon), January 04, 2000.

Sandwich; thanks. I wish you would elaborate on your points. This is an area that interests me but I don't like to trouble the professional brokers because I am not an investor. I take whatever crumbs fall from their table (in the form of information) when the opportunity presents itself.

What time does the exchange close?

-- Michael Erskine (Osiris@urbanna.net), January 04, 2000.

I guess the gist is that markets are not intuitive. You can have the OPEC meeting minutes in ur hands 30 minutes before everyone else and still lose money if you don't correctly apply the info in context with the 1000's of pertinent other factors going on.

7) the trend is ur friend

8) cut losses quickly

9) stock market predicted 8 of the last 4 recessions [not typo!]

-- Sandwich (anon@anon.anon), January 04, 2000.

It didn't show much sign of a ralley at the end of the day, either. Let tomorrow be a brighter day.

-- Michael Erskine (Osiris@urbanna.net), January 04, 2000.

Tomorrow may indeed bring a brighter day, January 5th is not going to be that brighter day.

Keeping my powder dry and looking for 10 feet of ships water line

Squid

-- Squid (ItsDark@down.here), January 04, 2000.