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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (4635)9/20/2001 1:10:42 PM
From: MulhollandDrive  Read Replies (2) of 33421
 
>>Historically you tend to see a big player go "belly up" before one of these bear markets are over. Often it's
a Bank, Brokerage house, or large Hedge Fund. It looks like we'll see more of this with the airlines and that's
assisting the process.
<<

If this keeps up, "one" big player might just be optimistic.

I believe the "shake out" we are witnessing will be on a most fundamental level.

Consolidations, business closures, continued earnings "contraction".

We've discussed the "demand" side of the economic equation here for months, not knowing of course, we would see a cataclysmic event that would become the final coup de gras .(which I believe we are seeing)

In spite of Greenspan's "caution" to not act precipitously, I believe the market is saying "whatever" stimulus package comes, it will be too little, too late.
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