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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (127)	8/12/1997 12:26:00 AM
From: Rarebird	of 5676

Arik, you will have your bearish day in the sun, but not right away. Actually, we are not at the level of capitulation needed for the bear to strike. Correction, yes. The odds of a bear market in 97 are slim. The Fed ( witness Yellen yesterday ) will do whatever is necessary to prevent one. Why? The whole economy is at stake; the whole public is in the stock market! A bear market would create a situation worse than the Great Depression! Don't think the Fed, Rubin and Clinton know it? Yes, it's way out of hand. It's a mania! Money stuffed into ones pockets almost every week! I see a rotational bear market affecting the over-valued large caps next. I just don't see a couple of rate hikes bringing this market down 30%. There is too much 401K and retirement money serving as a partial buffer. A 10% correction will only bring fresh money into the market and lead it to new all-time highs. It will take alot to derail this bull. Just remember, it's a stampede with a tremendous amount of power and liquidity. It's not going away so easy. There is nothing out there yet to destroy it! Do you really think a 10% correction or a couple of rate hikes will do it? I don't. Just my opinion.

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