No. of Recommendations: 0
BUBBLE< SMUBBLE!! Ive been hearing about the bubble since 1995. Unfortunately I didnt retire until summer of 1999. If I had invested as my accountant wanted me to (a "bubble" advocate) I would have made only 5% to 6% in money market funds or would have bought bonds that have gone down in value because the interest rates have gone up. (Bonds DO go down - the only way you can be certain of a return on a bond is if you hold it to maturity). As it is I took the advise of the FABIAN newsletter and stayed out of the market until he gave a "BUY" signal Nov. 17th. I bought 20% international mutual funds and 80% domestic funds of his recommendation - mostly tech, small cap, mid cap and QQQ. I am ahead to date 37% and am holding the course. I figure at this point, when the correction comes I will be able to get out at a level that will produce enough profit to make my accountant's life miserable calculating the capital gains. At that point I'll sit back and wait for the next buying opportunity and do it all over again.
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