The Texas populist take on the tax cut

Jordan Hayes jmhayes at
Fri Jan 10 17:19:31 PST 2003

> clearly your recommendation was
> that it was a good time to buy stock.

I continue to believe this. But what I was talking about earlier, in response to Doug's vague "buy and hold is better" statement (which is only supported to the extent that most people who buy-then-sell ought to have just bought; it doesn't say anything about which ones to buy and why), was particular decisions about particular stocks.

>> My long term view is that it's got a lot further to go up ...
> Do you have any specific timing in mind?

Yes, I listed my two indicators that I believe would have to change significantly in order for my long-term view to change (amount of stock available and tax preference of 401(k) accounts). So far, it's status quo on both: the trend is up.

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