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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 683.310.0%4:00 PM EST

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To: KymarFye who wrote (79479)7/4/2001 3:43:28 PM
From: eichler  Read Replies (1) of 99985
 
Kymar,
Seems that the expectations of the Greatest Bear are born from historical observations and that history tends to repeat and appears to be doing just that even now. Are there examples in history which prove or just illustrate the possibility that speculative bubbles pop but then re-inflate themselves? Having no model in my knowledge to illustrate this possibility, I have little choice but to conclude that this time will ultimately be no different from past examples.
It also occurs to me that sentiment that "this time will or could be different" is exactly why this phenomenon will play itself out to conclusion. It is only the presence of bullish perspective and money in the market which allows that money to capitulate eventually. While I will agree that the Nasty Nasdy tumble so far has hurt a great many, it still pales in comparison to the example of the '29 Dow.
I will stop here as I am nearly finished with a response to the Mishedlo post and I don't wish to repeat myself too much.
Might want to get your blinders out and hold 'em over the screen as it is probably my most bearish post ever to date.
My teeth are long and sharp, my claws protruding and my bear coat full and thick! Warning! Warning!
GGG
Eichler
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