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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Lucretius who wrote (15315)8/31/2000 3:29:09 PM
From: pater tenebrarum  Read Replies (1) of 436258
 
no calls...but i'm happily looking forward to the blast-off nevertheless...with a wary eye on the exit of course.

my off-the-cuff guess is that we'll see at the very least another 100-150 SPX points tacked on from here into the mid September cycle high. i wouldn't mind if it turned earlier than that, i'm flexible. i also think as long as this continues, the commodities blast-off will continue as well. and the current account deficit will of course continue to explode...

in a way the bearish long term case is actually strengthened by all this...because a large swathe of the market is getting overbought. and the imbalances continue to grow by leaps and bounds...
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