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Strategies & Market Trends : Rande Is . . . HOME

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To: Rick Buskey who wrote (39791)10/27/2000 11:24:39 AM
From: Kanetsu  Read Replies (1) of 57584
 
Funny how nobody can conceive that we might be in a bear market, most people trading stocks and looking at internet threads have never seen one so they still may doubt that phenomena exists. A comparison chart of the Nikkei from '82-'90 and the Naz from '92-2000 may be instructive.

I also see some anecdotal signs of a trouble:

-Thousands of people who quit their jobs to trade full time, many of them mistook a bull market for brains. Is the economy really going to sustain a whole new army of "underwear investors."

-The tendency to disparage anybody with the gall to be negative on stocks also seems to be a bearish indicator to me.

-The almost universal belief that stocks will rally once October is over.

-A potential war in the Middle East, high oil prices, real estate bubble, falling international markets (mostly ignored to date)and incredibly volatile markets, i.e. routine 200 point ranges on the Nazdaq.

There, now that I've put my bearishness on display for the world to see the market has to go up.
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