Forum Archive Index - April 2000

[Derek Watt <dkw@paradise.net.nz>]

At 08:09 PM 4/9/00 +1200, you wrote:
>When the crash comes there are a few things that you should have already
>done:
>
>1.     Paid off all consumer and credit card debt.
>2.     Sold your house if it has a mortgage and perhaps even if it     doesn't.
>3.     Reduced your personal spending levels.
>4.     Be right out of the market.

It is true that it is best to be right out of the market if there
is a crash.

>PPS The last people you should rely on for a view on what is going to
>happen are brokers, analysts and the media who all have their own
>dictated agendas.

I subscribe to David McEwens newsletter, at least for the last 6 months
he has warned about the increasing risks associated with the
sharemarket and recommended 'battening down the hatches' as you put it.
He recommends reduced exposure to shares on the whole, very unusual
for a sharemarket newsletter !
Therefore not all analysts have their own (hidden) agendas.

As for being a fool for not being out already, well the bottom line
at 31/4/2001 will tell.

Derek W




-----------------------------------
Derek Watt
http://members.tripod.com/DKWatt/
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