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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: SOROS who wrote (6525)11/18/2001 11:21:13 PM
From: Crimson Ghost  Read Replies (1) of 99280
 
This is a CYCLICAL BULL. Certainly not the kind of secular bull we had in the 1980s and 1990s. I agree with Zeev that the market will remain in a broad trading range for a long time experiencing a number of cyclical bulls and bears.

And with the market now fairly valued by the Fed model I doubt we can go up more than another few percent on the S&P 500 before a major correction begins. But I do not think the forthcoming correction will amount to much more than half the rally from the September lows.
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