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Politics : Ask Michael Burke

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To: Greg Jung who wrote (68155)	9/24/1999 8:31:00 AM
From: Franco Battista	Read Replies (2) of 132070

Greg,what is especially worrisome is that this market has been relying on the most volatile sectors to either go up or hold its gains. This buy the dip mentality will take time to erode since it has worked so often in the past, but it will come to pass also. People have become so complacent that things cannot go wrong that they will probably stay in there until it is too late. One more thing from Richard Russell's commentary with which I fully agree: " This bear market signal has come in the face of what I consider the most arrogant, the most mindless and the greediest period in finance that I've seen in my 45 years of watching markets. Should be interesting in the period ahead. " Is this the New Paradigm?

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