PMCS will warn, and that warning may signal the short term bottom for PMCS, or not <G>
FYI, I had dinner last night with an old Wall Street buddy of mine. This guy has been one of the best market timers I've ever known. His accuracy has been unbelievable.
For his longer term calls <cycle> he uses age/population as a major indicator, a la Harry Dent.
He told me last night that the current scenario reminds him very much of the PRE ROARING 20's. He said the population/age and the technicals mirror 1921 or pre roaring 20's where HUGE gains were made after an extremely bearish scenario in the early 20's.
Appearently in the early 20's no one wanted the Blue Chips of their day i.e. GM etc, it was doom and gloom everywhere.
He believes that the similarities in the ages of the population during the early 20's combined with similar technicals, means the next cycle after this current bearish cycle, will be a huge bull run lead by, guess what, the internet sector, will take use to around 2009 where a true Bear will emerge as the Baby Boomers grow old and quit spending.
He believe that population boom of the 60's will take us to this Bull move. However after the 60's there has been no additional Baby Booms to pull us out of the 2009/10 scenario. He is looking to make some serious purchases in the Internet Sector over the next year to ready his portfolio for the huge bull run to come.
Will he be correct? I have no clue, but his track record is spot on. Just something to think about on this Father's Day 2001.
Fred |
