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Strategies & Market Trends : Ahh Canada - 2 out of 3 ain't bad

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To: Shack who wrote (805)3/2/2001 1:45:41 PM
From: Cush  Read Replies (2) of 5144
 
Hi Shack. Nice chart. The bull lives?

Who woulda thought with all this blood around that the old bull could be still alive.

I feel like I've been on the wrong end of the horns then.

In light of the optimism in that chart, I've just been calculating-

as long as this bull lasts another eight and half years, I'll be ok.

I think.

Interesting market, as usual.

I've been thinking about the capitulation that the market seemed to be waiting for.
I don't think we're going to see it.

I think the difference these days is that a large percentage of the money at work in the markets is tied up in RIA and RRSP funds. People seem to have accepted a long-term picture for their retirement investment.
They may be hurting (I'm sure they are) but I don't think we'll see them pulling their money out.

So, buyer capitulation may have to be the signal.
We've either had that, or are in the midst of having that, IMO.

I'd be really happy if this little blip we're experiencing today turns out to be the first evidence of the next long leg up.

Cush
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