Strategies, observations for a declining market

The Ticker


SOME ADVICE for a bear market:

"Your emotions are often the best `reverse indicator' of what you should be doing in the stock market." (John Hindelong Jr., Dillon Read)

"Only buy stocks when the market declines 10 percent from that date a year ago, which happens once or twice in a decade." (Eugene Brody, Oppenheimer Capital)

"There's nothing wrong with cash. It gives you time to think." (Robert Prechter Jr., Elliott Wave Theorist)

"2001 will be a good year for prudent investors. Since 1913, anytime the Fed eased [interest rates] a second time, the Dow soared an average of 28.4 percent after a year." (The Retirement Letter)

"Tax cuts and easy money mean high stock prices. We predict rate reductions and tax cuts will kick into high gear in the next several years." (Forecasts and Strategies)

"When a stock becomes a screaming buy because it cannot conceivably drop further, try to buy it 30 percent lower." (2001 Stock Trader's Almanac)

"I never buy at the bottom and I always sell too soon." (Baron de Rothschild)

"Wall Street is the only place where they hang out a `Sale' sign and everybody runs the other way." (Robert Stovall, adviser)

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