From: Samantha Atkins (samantha@objectent.com)
Date: Thu Jun 12 2003 - 00:54:29 MDT
On Wednesday 11 June 2003 18:37, Olga Bourlin wrote:
> > Olga Bourlin wrote:
> > > When prices don't have much of a trend, it's a "flat" market, yes.
> >
> > Stock prices don't have persistent trends. It's a illusion. Like seeing
> > faces in the clouds.
>
> Yes, but I was only quoting you when you wrote: "When prices didn't have
> much of a trend, you'll say that was neither." Maybe I should have said a
> flat (or choppy) *day* - I trade actively, and I've seen *plenty* of those.
>
> Notwithstanding the semantics about whether bears or bulls are chimeras, if
> you end up being able to take cold, hard cash to the bank ... that's what
> counts.
That assets (including cash) overall keep their valeu or appreciate is what
counts. Taking cash to the bank when interest rates are nil and the dollar
is dropping in value is not very soothing.
-s
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