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Strategies & Market Trends : Steve's Channelling Thread
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To: Zeev Hed who wrote (28738)9/26/2001 7:45:42 AM
From: Cymeed  Read Replies (3) of 30051
 
Zeev, you mentioned being in the bull outfit a couple of occasions. But I wonder where are the leadership stocks that must be present in a bull market. I have seen none so far. All I have seen so far is just bargain hunting. But the bulk of the market is not bargain at all, IMO.

I looked at the price charts of BA, GE, Exxon ... those major corporations in the area of "old economy", they all look horrible. It certainly does not look like a bull market to me.

Also, many mentioned the $2 trillion in money market fund currently. I wonder how much was the total in the money market during a bull market, say in 1999.

I know the reason you feel bullish is the fear fact. But is the fear fact, alone, enough to qualify a bottom?
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