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Strategies & Market Trends : Stock Attack II - A Complete Analysis

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To: Square_Dealings who wrote (5022)4/4/2001 11:08:32 PM
From: Casaubon  Read Replies (3) of 52237
 
I'm sensing a great deal of frustration on the part of the ever bullish investing public. It has now gotten to the point that people feel they deserve a bounce already.
Noone has accepted the degree to which the market overshot sane valuations. And noone has yet to admit this is going to be a long drawn out correction. Nor have many contemplated what a recession really means to valuations from where we are currently in the markets. All that has happened is mutual fund after mutual fund advising their clients to increase their exposure to the market at these bargain basement prices. For the most part these guys were lucky if they reduced their equity allocation by 5% at the top and have now fully recommitted that 5% back into the market. Woohoo, they deserve big bonus checks for their investment accumen.

I pulled my bid on JNPR (28 7/8 which would have hit today). Yup, we may get a rally here and I might even chase something, but things are not right in the market yet.
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