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Strategies & Market Trends : Rande Is . . . HOME
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To: baddtiming who wrote (48249)3/1/2001 10:15:14 AM
From: Rande Is  Read Replies (3) of 57584
 
To those who have written me. . asking "what's next?" or "how low can we go?". . . . may I offer this public response:

If we have truly entered a bull market, then not only can things continue grinding down. . .but they can go on like this for years and go lower than you could ever imagine. [Of course that would throw America into a recession or even depression.] Day after day with only ONE-TENTH of the average daily volume crossing the boards. . . with NOBODY making any money as all trading grinds to a halt. Market Makers, brokerages, hedge funds, fund managers. . . all LOSING money. That's what happens in a true bear market. The country loses all confidence in the value of a stock certificate. . . .and eventually in the banks which fail as a result of defaulting loans. So everyone goes back to hiding money in their mattresses. . . and bartering for goods and services.

That is very bleak outlook. And I do NOT subscribe to it. Not by a long shot. [And I am pretty good at shooting long distances].

But my bet is that Wall Street is too greedy to allow that scenario to happen. When they have completed milking the Individual Investor [who became overconfident and fat] for all they can reasonably get. . . they will buy up the bargains [which I believe has already begun], start the HYPE MACHINE rolling again and begin flooding the market with upgrades, stories of fantastic technologies, opportunity, hope and the most important of them all. . . . . . . . . . . . . . . Initial Public Offerings.

That's where the real money is made on Wall Street.

Rande Is
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