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INM Dec '08 - Uncooperative Horses, Fish, and Bears That Are Hungry
Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net
CANSLIM.net


A primary goal behind my efforts has always been to help as many people as possible to be more successful in achieving "above average" investment results. We have had the right answers, and thankfully, we were among the many who saw the market downdraft coming and stepped out of harm's way.  It is not bragging when it is true!  And this was not by coincidence or luck, it was based on following a proven investment system that works "in good times and bad" - but only if you are disciplined and follow the rules. 

It does not require one to be a Louisvillian to understand the old phrase, "You can lead a horse to water, but you can't make him drink".  Most investors who are doing as bad or worse than most mutual funds and hedge funds, are down -40% or so this year.  Why?  Because they have the "always in" stance, and so they go right along with the direction of the major market averages.  Investors unwilling to move to cash were like an uncooperative horse, just bucking and kicking and refusing to drink the water.  

I really liked the way another mid-westerner put it as he explained it as rather ridiculous for the Treasury Secretary Paulson or Fed Chairman Bernanke to squawk endlessly about how necessary it is for the credit markets to free up and for banks to make loans available.  His point was, "the way to catch a fish is not to scream at them from the boat, or to jump in the water and start flailing your arms around, but the best way to catch fish is to put some attractive bait on the line and wait patiently until there is some nibbling."  So hopefully market forces will be allowed to make their necessary adjustments without more last-ditch fixes aimed an solving the problems that will obviously require more patience than has been shown.

We might be able to both chuckle and cry when pondering the challenges as Gutenberg and his associates encountered resistance. In a small theatre production about the inventor of the printing press, titled Gutenberg The Musical, characters in town after town similarly exclaimed, "I can't read." But you can read!  So, perhaps your bigger challenge is closing the "knowing doing gap" and transforming knowledge into action. Imagine if you were spared those losses!  Imagine if you saved yourself from flushing thousands and thousands of investment dollars down the drain.  My professional team in Lighthouse Point, Florida, is ready to help you in good times and bad.

I feel horrible for anyone who lost money this year, especially if they did not see it coming, or especially if they lost a lot of money by listening to their brokers or advisers.  Buy and hold believers probably learned from the 2000-2003 period how ugly a bear market is to a portfolio.  New investors, and those who forgot how it works, received another lesson this year!

Bears get really fattened up before they hibernate, and their weight loss during hibernation is extreme. Male black bears will typically drop between 15% and 30% of their body weight, while reproductive sows can lose up to 40%.  That decline in weight is a good comparison to what happens to typical stock portfolios during bear markets.  When the bears come out of hibernation they are hungry, and they are aggressive about finding some food.  When the bear market is over, we should all have a healthy appetite for stocks.  Then we will get fat, or at least our portfolios will, if we select the right diet of high-ranked leaders with healthy fundamentals and the technical characteristics that make chart readers' mouths water.

About Kenneth J. Gruneisen, Founder and Contributing Writer, www.CANSLIM.net :
Kenneth J. Gruneisen has successfully completed the CAN SLIM® Certification Program.  Mr. Gruneisen became a Registered Representative in 1987 and his career includes experience offering personalized assistance to investors with more than a decade of experience as a Registered Principal managing a branch office.

The recommendations made by CAN SLIM® certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil & Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil & Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.


Comments contained in the body of this report are technical opinions only and are not necessarily those of Gruneisen Growth Corp. The material herein has been obtained from sources believed to be reliable and accurate, however, its accuracy and completeness cannot be guaranteed. Our firm, employees, and customers may effect transactions, including transactions contrary to any recommendation herein, or have positions in the securities mentioned herein or options with respect thereto. Any recommendation contained in this report may not be suitable for all investors and it is not to be deemed an offer or solicitation on our part with respect to the purchase or sale of any securities.

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The recommendations made by CAN SLIM® Certified individuals are their own and may not be attributed to the CAN SLIM® Certification Program, William O'Neil + Co., Investor's Business Daily or their affiliates. The CAN SLIM® Certification indicates only that the individual has successfully completed the CAN SLIM® Certification Program. CAN SLIM®, William O'Neil + Co., Investor's Business Daily and any of their affiliates are in no way responsible for any loss or damage caused as a result of the services provided by these individuals.

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