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Strategies & Market Trends : Sharck Soup

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To: GREENLAW4-7 who wrote (17361)4/19/2001 5:44:41 PM
From: mish5000  Read Replies (3) of 37746
 
American Spirit: Your persistent bullish 'rosy spectacle' outlook will get you in big trouble once this bear rally comes grinding to a halt. I respect your decision to be bullish, but let's face it, nothing is looking any better on the the forward earnings outlooks.

What we are seeing at the moment, is simply a relief rally, investors are happy that most companies merely met their downwardly revised earnings - nothing more, nothing less. Once the news of bleak (widespread) 3rd and 4th QTR profits starts to sink in...you will see these high flyers once again come crashing down.

Always remember this : What goes up - must come down.

P.s. I have barely shorted anything in the last few weeks - I simply go with the flow - and right now that is on the Long side.

Good luck.
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