Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Steve Lee who started this subject	4/13/2002 5:34:09 PM
From: longdong_63	Read Replies (2) of 99280

Been mulling over a lot of things longer term (1-2 years) and I am beginning to believe that we are in for a lot more pain to come. I am thinking Dow 5000-6000, NAZ 900 or lower and I haven't even looked at S&P500 completely yet but it ain't pretty. Several reasons for my conclusions: Deflation or Stagflation, war escalating, rising interest rates, falling dollar, possible Japan implosion (kept pretty quiet to date...it's bad, very bad.), credit pool drying up to businesses (rolling from 1.5% CP to 6.5% bonds a la GE), housing market bubble, consumer debt out of control, rising unemployment, GE and IBM are cracking the foundation, etc etc etc. I just can't see any upside here? Help me if you can...LOL! Also think QQQ is heading to around 22 or so. Gold and Silver are the only thing I am bullish on here. Am I too hairy and need my claws trimmed? I just don't feel I'm wrong with this backdrop. American is in for some tough times. :-(

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