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Strategies & Market Trends : Waiting for the big Kahuna
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To: William H Huebl who wrote (53492)7/28/2001 4:49:21 PM
From: Skeet Shipman  Read Replies (1) of 94695
 
Bill,
I don't think WHUMPING the market is what will do it. We are half way into a recession if past recessions are any guide. Gross private domestic investment has only decreased 6.7% from its high. Unfortunately in a normal recession it would have only decreased about half that amount at a corresponding time. That essentially means we have another year to go before gross private domestic investment bottoms in the -15% to -17% range. When the market realizes this it will NOT be mega bullish.
Skeet
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