WSW: Louis Rukeyser's Wall Street Summary & Discussion $treet: Re: Re: 7-26-02

» SteveT - Re: Re: 7-26-02

In response to message posted by shallam:
shallamm I am glad you commented on that. I used to follow brinker closely and thought there was some similarity too. I would say 3 of the 4 are close enough to call them a match. Liquidity being the unknown. If McManus meant liquidity with regard to money supply and policy then I would say we have a 4 for 4 match. If he means are there enough buyers for equities to match up with all the sellers then no.

I wonder if brinker copied McManus or is it the other way around?

I guess if a person were going to attempt to time the market this basic strategy is a simple and easy to track way to go. I still am not convinced it is possible to time the market accurately enough and often enough to make it pay over the long haul. I do think it could be of some use to adjust or vary ones allocation by small amounts. If right you could boost a return by a percent or two now and then. If you are wrong it is not the end of the World since you are not deviating away from your allocation plan by more than a few percent. For most people it still maybe best to "Go fishing".

-- posted by SteveT