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Pastimes : Waiting For the Big Kahuna.... UP!!!!
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To: Lucretius who wrote (206)5/30/2000 12:14:00 PM
From: pater tenebrarum  Read Replies (1) of 391
 
you poor man...you should go see a therapist or something. you're in urgent need of psychological help. didn't you read Fleck's rap? the experts agree: there are no more bear markets. in fact they propose the term bear market should be erased from investors vocabulary, where it is taking up space uselessly.

Ralph Bloch has also promised a summer rally, as have Bob Brinker and numerous other gurus. are you telling me you don't believe them? aren't they always right? isn't the market always going up? we could even get a few more rate hikes from what one hears, so how can you stay bearish in view of this inherently bullish development? (rate hikes are always bullish, because they carry within them the implication that they will be the last ones, regardless of whether they are or not).

also consumer confidence is up in the clouds again, and you should know by now that the renewed confidence of the herd is good for at least 1000-2000 Dow points.

much has been made of the Diamond formation on the Dow. since everybody now knows it's a bearish formation pointing to 7,500, it is probably a bullish formation pointing to 13,000.

also oil prices are rising again...that's bullish, because it means they will be falling at some point in the future.

there are many bargains out there, trading anywhere from 50 to 500 times earnings...a fire sale as it were.
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