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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Chip McVickar who wrote (1059)4/14/2000 6:05:00 PM
From: Logain Ablar  Read Replies (1) of 33421
 
Chip:

Economic impacts from weeks like this usually take a while to reverberate through the economy so George will still have an uphill battle.

We'll just have to see if mutual fund redemptions start on Monday or not. Too many people have been trained to hold long term. The stock boards are not a true representative of J6P.

I agree with your assessment the odds just increased on the market seeing some major retrenchments but hopefully we'll have a bounce for a week or two (geeze I was hoping for a week or two bounce after last Tuesday).

Tim
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