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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: pezz who wrote (3394)5/3/2001 11:09:52 AM
From: Ilaine  Read Replies (1) of 74559
 
>>In spite of layoffs the unemployment rate is near record lows.<<

Jobless data isn't as benign as you assert - and as usual us bears seem to know in advance things that take everyone else by surprise. Why? My guess is that permabulls suffer from lack of foresight - a tool that can't be taught. Nothing wrong with optimism - but sometimes the light at the end of the tunnel really is an incoming train.-ng-

Not that I am calling you a permabull - I don't really know you. It's an observation on market behavior.

"Fools rush in where angels fear to tread."

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