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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: Voltaire who wrote (17678)11/18/2000 5:45:12 PM
From: limtex  Read Replies (4) of 65232
 
Vol - Isn't about time that we all recognized that we have totally misread this market and have consistently deceived ourselves since late March since we are in a bear market and not only a bear market but one of the worst bear markets in history?

Reading Jubak an hour or so ago it dawned on me that we have simply been living in cloud cuckoo land since March. No-ones fault but we just refused to believe what we were and are continuing to see on a daily basis. The corrections keep dragging the market inexorably lower and the growth estimates for nxt year are simply unsustainable.

Jubak reports that the talk on the street is now that there will be NO GROWTH next year.

Vol if that is anywhere near true the correction isn't nearly over yet and a bottom well below 2,000 is on the cards.

Barton Biggs says we are in a correction that is two thirds of the way through.

Gloomy? Well maybe so but being prepared for it isn't necessarily gloomy. i mean if being so gloomy got everyone out and kept us all out at the beginning of March then we wouldn't be very gloomy today!

Best regards,

L
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