Veteran Advisors Think This Bear Will End Eventually

Source:

The Dines Letter's Jim Dines' conclusion: "This newsletter has survived many bear markets, and we have learned that the way to make a 'killing' is to discern ahead of others which group would probably lead the next and inevitable bull market ... somewhere awaiting ahead is one of the great 'Buy' opportunities of a lifetime, a famiy fortune builder"...

"...The good news? Growth Stock Outlook's Charles Allmon: "We appear to be coming up on the best buying opportunity since 1974 when great small companies were strewn everywhere like golden nuggets just waiting to be plucked. Hang on to your cash as the best opportunity in a generation looms on the horizon."

The Dines Letter's Jim Dines has flown higher, and fallen further, than the cautious Allmon. (See Sept. 4 column) But his take now is strikingly similar: "WE ARE NOW IN A MARKET THAT HAS NO RESPECT FOR VALUE OR FUNDAMENTALS. Panic selling by terrified individual investors selling at any price is a mass psychology that always trumps value, at least temporarily. For example, one of our recommended stocks is selling in the marketplace for around $20 million, yet it owns $20 million cash, which is a classic fundamental underprice because somebody could buy the company for $20 million, pay for it with the cash in its treasury, and all the company's other properties get acquired free of charge!

Dines' conclusion: "This newsletter has survived many bear markets, and we have learned that the way to make a 'killing' is to discern ahead of others which group would probably lead the next and inevitable bull market ... somewhere awaiting ahead is one of the great 'Buy' opportunities of a lifetime, a family fortune builder."...

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