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Pastimes : Trading the markets.....

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To: Moominoid who wrote (982)11/29/2000 9:00:17 PM
From: Chip McVickar  Read Replies (2) of 4583
 
David,

Don't believe this environment matches 1998 (>>Russia defaulting, Asian crisis at its peak, LTCM failing etc.<<).

IMO, were seeing distribution by the billion dollar mutual funds and the cry of "Fire" at the bottom. At some point they will start buying and a rally will follow, probably after the election confirmation....!(of Gore) <smile>

That rally may fail early in 2001.

Also, the dollar will stay high and the price of oil around $30.00.
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