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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (952)11/26/2000 9:53:23 AM
From: marginmike   of 74559
 
Jay whats Ironic, is that bulls call Market procrastenateur's contrarian indicators when their bearish and point to them when they are bullish. Pretty funny in my opinion. I remember in 1998 the ML analyst downgraded Ericy and NOK on grounds their biz would only grow less then 10%. In those years their growth(NOK)ended up 40-80%. This is just to exemplify analyst's know nothing. In actuality I have found(even when I was a bull) that short fund managers such a Fleck do much better research then sell side analysts at the retail firm's. The bottom line is we have just had the bigest New years eve party in the history of financial markets. Such a party will have a long and nasty hangover. I was called Calvanistic and Ignorent by many when I made this baisic premis in Feb. As I sit with 95% of my money in Federal MM I sleep well knowing I was right. I think going forward we have had 2 of the three leg's completed down. We just completed the second so I presume that we will trade up and sideways a whille here. The Bulls need to get all lathered up again. My guess is going into Jan Estimated payment time, and Earnings season the next shoe drops to low 2000 on the NAZ. I will admit I am surprised how Dow and S&P have held all things considered.
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