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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: SecularBull who wrote (33478)3/14/2001 2:54:43 PM
From: Dalin  Read Replies (1) of 65232
 
"The market's movement, in significant part, is unrelated to the economy but to an overexuberant flight from reality. The correction is bringing prices down below the prices that should prevail in an equilibrium, given the underlying economic facts."

Even some of the bears would not argue that point. The Nasdaq is at the mean right now. (about) But being the wild, exuberant, overreacting market that it is....we might overshoot that mean to the downside.

I'm happy being close to fully invested at the mean. I'll pick up some bargains below if we get there. The problem for me in counting on that is, that we have bounced off of the mean more frequently then overshooting it in the past.

Right now the Dow is taking its turn to get hit. The naz may not go much lower. (famous words)

:0)

Ramblin@JustmySWAG.com
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