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Gold/Mining/Energy : Strictly: Drilling and oil-field services
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To: Gary Burton who wrote (55092)11/19/1999 7:17:00 PM
From: Crimson Ghost  Read Replies (2) of 95453
 
Gary:

I share your concern about the general market Some kind of drop is highly probable in the near future. But how severe a drop is very uncertain. A trader I have been monitoring for years on another site with a very good record (he is also an E-waver btw) is confidently predicting S&P 500 1500 by year-end.

The way I see it now -- modest drop to begin any day. But then another powerful upmove into early early January. Perhaps Dow 12,000 or more. Then a major bear market begins as interest rates start to move higher again.. I see several more Fed tightenings next year and long bond yields up to 7%.
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