Go to Jeff Salisbury LWGate Home Page.From: "Katherine Malm" <kmalm@earthlink.net>
Subject: Re: [CANSLIM] Market, Nasdaq 100
Date: Sat, 23 Feb 2002 12:21:10 -0600
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This is a multi-part message in MIME format. - ------=_NextPart_000_0050_01C1BC64.93B13420 Content-Type: text/plain; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable Hi Patrick, The sideways market seems the most plausible scenario given the = confluence of economic/business/market/innovation cycles. What is most = interesting about this, however, is that although at the end of the = period the real returns on the market may be even, within that sideways = market there are waves of stock/industry movement to ride up and down. A = discipline like CANSLIM will allow us to make money during this type of = market but doesn't allow for the sloppiness in candidate mining/due = diligence/entry/exit afforded us by a Great Bull run. I just think a = sideways market will *force* us to be excellent investors and I can't = see that that's a bad thing. Katherine ----- Original Message -----=20 From: Patrick Wahl=20 To: canslim@lists.xmission.com=20 Sent: Saturday, February 23, 2002 11:19 AM Subject: Re: [CANSLIM] Market, Nasdaq 100 I've seen several people make the same forecast for a 10-15 year = sideway market, I=20 guess this would be similar to the market from the late 60's to 1982, = so it is certainly=20 possible. Not very encouraging, I hope you are wrong on this one. We = were above=20 the long term growth trend of the market for so long that I suppose a = below trend=20 period is due. =20 (remember the books of a few years ago - Dow 30,000, and I think there = was also a=20 Dow 50,000. Wonder where the authors stand on this now.) On 22 Feb 2002 at 17:11, Katherine Malm wrote: > I remember your remark, Fred, and I heed well the advise. I do, > however, differentiate between "hope" and "what I see" as they are = not > one and the same. I have never believed that we were headed into a > raging Bull as the '82-'00 but instead into a long 10-15 year = sideways > market. We have several forces working in tandem--monetary/inflation > cycles, earnings cycles, global interconnectedness, innovation = cycles, > human nature, fiscal policy, market cycles, etc. Despite the fact = that > I was not investing during the last 100 years, I have studied market > history. For that reason, I simply "read what is and act upon it" = vs. > "wish or hope that the market will go up." A CANSLIM discipline = works > because it forces the trader/investor to read the signals and act > accordingly.=20 - -To subscribe/unsubscribe, email "majordomo@xmission.com" -In the email body, write "subscribe canslim" or -"unsubscribe canslim". Do not use quotes in your email. - ------=_NextPart_000_0050_01C1BC64.93B13420 Content-Type: text/html; charset="iso-8859-1" Content-Transfer-Encoding: quoted-printable <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN"> <HTML><HEAD> <META http-equiv=3DContent-Type content=3D"text/html; = charset=3Diso-8859-1"> <META content=3D"MSHTML 5.50.4807.2300" name=3DGENERATOR> <STYLE></STYLE> </HEAD> <BODY bgColor=3D#ffffff> <DIV>Hi Patrick,</DIV> <DIV> </DIV> <DIV>The sideways market seems the most plausible scenario given the = confluence=20 of economic/business/market/innovation cycles. What is most interesting = about=20 this, however, is that although at the end of the period the real = returns on the=20 market may be even, within that sideways market there are waves of=20 stock/industry movement to ride up and down. A discipline like CANSLIM = will=20 allow us to make money during this type of market but doesn't allow for = the=20 sloppiness in candidate mining/due diligence/entry/exit afforded us by a = Great=20 Bull run. I just think a sideways market will *force* us to be excellent = investors and I can't see that that's a bad thing.</DIV> <DIV> </DIV> <DIV>Katherine</DIV> <BLOCKQUOTE=20 style=3D"PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; = BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px"> <DIV style=3D"FONT: 10pt arial">----- Original Message ----- </DIV> <DIV=20 style=3D"BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: = black"><B>From:</B>=20 <A title=3Dpjwahl@attbi.com href=3D"mailto:pjwahl@attbi.com">Patrick = Wahl</A>=20 </DIV> <DIV style=3D"FONT: 10pt arial"><B>To:</B> <A = title=3Dcanslim@lists.xmission.com=20 = href=3D"mailto:canslim@lists.xmission.com">canslim@lists.xmission.com</A>= </DIV> <DIV style=3D"FONT: 10pt arial"><B>Sent:</B> Saturday, February 23, = 2002 11:19=20 AM</DIV> <DIV style=3D"FONT: 10pt arial"><B>Subject:</B> Re: [CANSLIM] Market, = Nasdaq=20 100</DIV> <DIV><BR></DIV>I've seen several people make the same forecast for a = 10-15=20 year sideway market, I <BR>guess this would be similar to the market = from the=20 late 60's to 1982, so it is certainly <BR>possible. Not very=20 encouraging, I hope you are wrong on this one. We were above = <BR>the=20 long term growth trend of the market for so long that I suppose a = below trend=20 <BR>period is due. <BR><BR>(remember the books of a few years = ago - Dow=20 30,000, and I think there was also a <BR>Dow 50,000. Wonder = where the=20 authors stand on this now.)<BR><BR>On 22 Feb 2002 at 17:11, Katherine = Malm=20 wrote:<BR><BR>> I remember your remark, Fred, and I heed well the = advise. I=20 do,<BR>> however, differentiate between "hope" and "what I see" as = they are=20 not<BR>> one and the same. I have never believed that we were = headed into=20 a<BR>> raging Bull as the '82-'00 but instead into a long 10-15 = year=20 sideways<BR>> market. We have several forces working in=20 tandem--monetary/inflation<BR>> cycles, earnings cycles, global=20 interconnectedness, innovation cycles,<BR>> human nature, fiscal = policy,=20 market cycles, etc. Despite the fact that<BR>> I was not investing = during=20 the last 100 years, I have studied market<BR>> history. For that = reason, I=20 simply "read what is and act upon it" vs.<BR>> "wish or hope that = the=20 market will go up." A CANSLIM discipline works<BR>> because it = forces the=20 trader/investor to read the signals and act<BR>> accordingly.=20 <BR><BR><BR>-<BR>-To subscribe/unsubscribe, email "<A=20 = href=3D"mailto:majordomo@xmission.com">majordomo@xmission.com</A>"<BR>-In= the=20 email body, write "subscribe canslim" or<BR>-"unsubscribe = canslim". Do=20 not use quotes in your email.</BLOCKQUOTE></BODY></HTML> - ------=_NextPart_000_0050_01C1BC64.93B13420-- - - - -To subscribe/unsubscribe, email "majordomo@xmission.com" - -In the email body, write "subscribe canslim" or - -"unsubscribe canslim". Do not use quotes in your email.
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