Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: Crimson Ghost who wrote (4738)	12/1/2001 11:32:13 PM
From: SliderOnTheBlack	Read Replies (2) of 36161

re: "The market being UP 20%" ? ["" Q: So this is the time to be buying stocks? A: The stock market is a great leading economic indicator when it comes to ends of recessions. In the past four recessions, during the last three months of every recession the stock market has always had a very strong advance, increasing on average about 26%. In the rally we've had over the past two months, the S&P is up about 17% since its low on September 21. That is very consistent with previous recession ends. It is typical to see a further rally of another 16% during the seven months following the end of a recession, on average."] ...why are they using the Sept 11th blow off/bottom as the "starting point" - to quoting & promoting that the market is up "20%" and thus - is signaling that the recession is over ? Is anyone really buying that BS ? Hell the HUI was up 95% from it's bottom & no one on Wall St. acknowledged that the gold stock recession was over & that happy days were here again (VBG) ? When the DOW is 20% above 10,000 - at Abby J-Cohens DOW 12,000 then; I'll buy the market has moved 20%. What a crock.

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