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Uncle_Frank

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Uncle_Frank

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Re: ergo sum post# 89

Friday, 03/15/2002 12:00:38 AM

Friday, March 15, 2002 12:00:38 AM

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>> I have heard it said that at the end of a bear market, the market turns to new leaders for the next run up...

That's true, but imo not actionable. The only way to identify the new leaders to any useful degree of accuracy is in the rear view mirror.

I'd rather wait until the new leaders emerge, based on the criteria of demonstrated competitive advantage, and then take a position. The potential for % return is diminished, but the risk/reward ratio is substantially lower.

uf



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