Rande Is . . . HOME Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Rande Is . . . HOME

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Joe Smith who wrote (51257)	5/4/2001 9:47:39 AM
From: Rande Is	of 57584

Joe, there is word floating around about re-testing those April 4 lows. And for any TRUE Bull Market to begin, history shows that those lows must first be tested. You are right that we went too far too fast. In one month, much pain was erased. . . .[though hopefully never forgotten]. And there is a newly revived fear of recession as the FED rate cuts came in too slow and too shallow to keep the U.S. economy from seeing any scars. There will be a few scars left from all of this. And we may not see a true economic turnaround until the latter half of the year. The interesting thing is that the market is responding to economic news. . . .when it was shrugging that very same news a matter of days ago. And we are no longer moving on what we think the Fed will or should do next. So this market is actually healthier in many ways than the one we had a year or two ago. Today we look closer at earnings, fundamentals and earnings growth. . . .and we are more sensitive to economic indicators. That is not a bad place to be. But yes, we do need to test those lows at some point in order to give confidence to all those ultra-conservative-pin-striped-vest-wearing-cigar-in-pocket-old-money-squeek-when-they-walk bulls. Rande Is

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next