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Strategies & Market Trends : John Pitera's Market Laboratory
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To: Jeff Jordan who wrote (2897)11/20/2000 8:17:55 PM
From: John Pitera  Read Replies (2) of 33421
 
Jeff,

when you read the Jesse Livermore books Like "Remininsces
of a Stock Market Operator" and other early books, they
had many more bear market than we have today.

they probably would have described 1998 as a bear market.

Tech has had a bear market and if we have the election
indecision extends out into next year and have some type
of UH House Election or compromise, that is not accepted by
either side or,

....a real "blow-up" in the
mid east, or a China Taiwan conflict, or a combination, we
could still be in for much more downside.

Presumably the Fed will be providing a rate cut in Q 1 of
2001.

I think this is a good time to be flexible in thinking,
have some cash on the sidelines , maybe have
some bullish scenerio's, some that are bearish and
some that are really outside the box......
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