Re: [Pen-l] an inside scoop

[Waistline2@xxxxxxx]

 

I've got a very bad feeling about this crisis. Everything I read from day to day makes sense, yet nothing make sense. I'm no economist but what if bottom is around 5000 or the upper 4000? In one of his famous blurbs, CNBC's Kramer implied a DOW 4000 was not impossible.

 

Double down as a strategy works best, most effective playing into a rising curve or a winning curve or an upward "run." Actually winners double down as a strategy. On the losing side of the curve one does best "halfing" their running bet, or leaving the table and finding another game. Or as it is called "sitting on the sidelines."

 

Defense.

 

Specifically, I cannot get a handle on asset valuation in a falling market.

 

The mistake all folks make is staying at the table to long. Playing against a run is a pretty bold play. Doubling down into a bottoming curve means destruction as a general rule no matter what the magnitude of the bet, because the law of gravity kicks and your bet drives the market down.

 

Me? Never. Can't time the turn.

 

Yes, I worked in a Casino.

 

WL.

 

 

In a message dated 3/5/2009 1:38:40 P.M. Eastern Standard Time, maxbsawicky@xxxxxxxxx writes:

My fearless forecast is this year, based on my own eyeballing of the
long term trend, to which we now seem to be settling down.  If I had
extra income I would put it into stocks.  Desperate times call for
desperate measures.  Or as I've heard, "Losers double down."

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