C, my feeling is the 1998 is equivalent to 1966, when the great bull market out of the ashes of the depression and WWII ended it's major impulse up.
I believe that we are zig zagging in a traders market since, when people are too bearish buy, too bullish sell.
Consumer confidence which is making the same rising wedge as the spx from the 1998 low hasn't been this high since we landed a man on the moon, I make the internet explosion = to landing a man on the moon, in sentiment.
I think Dent will be completely wrong, the bullish sentiment is way too extreme to continue this bull to 2008, the best we can achieve from here is a wide trading range.
go to chart of the day dot com, their current chart is a long term chart of II advisor sentiment, during the 1994 tightening series II sentiment became extremely bearish, as did the put/call ratios, that's the kind of stuff that gives birth to big bulls, like when everybody was talking about the end of the world at the 1998 bottom.
who ever getz the presidency 2000, will have a bundle of problems to face, imo, i think bush will.
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