Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Joshua Corbin who wrote (742)	11/17/2000 2:42:32 PM
From: Raymond Duray	Read Replies (1) of 74559

Hi Joshua, I'm curious about your views on the inevitable bear bottoms. It strikes me that there is no inevitability to this at all. Quite the contrary, we can look back to April 17 and see the elevator shaft in prices of the high flyers, but that wasn't really the bottom. I wonder if we might just be in for an extended period of sideways movement rather than a decisive bottom. The stock market is skittish as can be, but the real economy, while slowing at the margins, isn't crumbling. So I can see that the only reason we might see a bottom any time soon would be a failure of will. Is this what you see coming up? Best, Ray

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