More bear tracks . . . Don Wollanchuk has given up the idea of Dow 11,000 by year end and is seeing things more clearly now.
I'm printing a newsletter tonight for a hotel industry trade group. One of the articles is titled "Preparing for Weakening Fundamentals", talks about building boom (109,000 room starts in 96' vs 20 yr avg of 83,000) and weaking demand (shows a chart starting at 3.5 avg. daily rooms sold in 94' downtrend to 2.2 in 1999)
You know darn well this is not an industry specific occurence in this boom, overbuild, overfinance, bubble, The bubble seems to be getting a few leaks lately.
OH, Oh, just read my previous post and saw more crazy eights, time to vacate this state, in 98 and head for the Milenium compound in Montana. |
