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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: patron_anejo_por_favor who wrote (131671)10/29/2001 4:24:28 PM
From: Tommaso  Read Replies (1) of 436258
 
I don't see "the bottom" coming for quite a while, perhaps late next year or early 2003, provided we don't have a
major oil shock or ongoing terrorist nastiness in the meantime. DOW 6500-7000, SPX 800, and COMP 1000 at
the very least are necessary. If we get inflation and rising short and long term bond rates before then, those
numbers could go much, much lower, and the bottom could be much, much further off.


Just thought I would repeat what you said for emphasis, because it is exactly what I expect. As I have said several times, what I don't have in bonds (non-dollar) or energy, I have in puts on the Dow and the QQQs that run until the end of 2003.
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