Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: CountofMoneyCristo who wrote (589)	11/12/2000 1:53:02 PM
From: Brandon	Read Replies (1) of 74559

Over the last 6 months we have seen all the signs in the stock market we need to see of an economic slowdown. The smart money has clearly been betting that way. When you look at the strongest sectors this year it is defensive stuff, aerospace, drugs, beer, reits. Look at the weak sectors and its the speculative techs as well as cyclicals. Other things we have seen is oil above $40, this has always occured before the R word, and an inverted yeild curve. The main problem we have seen this week is that the bull market of the 90's was a bull market built on liquidity. There was none this week because of the election garbage. The market likes to turn around at the darkest point though, so this could be our point of light. However, if the Nasdaq can not hold here, or at the very least bounce off the 2800 level, then I think 1700 is a very real target. But, I would not give that good odds. -B

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