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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (13352)1/13/2002 9:32:28 PM
From: Maurice Winn  Read Replies (1) of 74559
 
<AUD 2.96%
CAD 0.82%
CHF 0.91%
EUR 2.23%
GBP 2.55%
HKD 0.13%
JPY 0.01%
NZD 3.55%
SGD 0.125%
THB 2.0%
USD 0.43%
>

Jay, the Kiwi is top of the pile! [Perhaps related to the exchange rate hovering near all time lows]. Even as Uncle Al slashed interest rates, I continued to repay my US$ debts by selling QCOM. Now that's contrarian.

I was persuaded enough by your blandishments during 2001[and barbeque] to clear the decks in case there is a crash-landing.

Not long now to Feb 2002 and I do NOT think we will see the Dow at 16,000 by then. I still think the 20 year graph moving average will go through 16,000 in Feb 2002. Which must mean we are in bargain times right now. It's weird how it doesn't feel as though we are.

I first predicted Dow 8000 Feb 1998 and 16,000 Feb 2002 back in August 1995 with the Dow at about 4600 [from memory]. Well, half right wasn't bad [especially since the talk was of market vertigo even then].

We just need to get past the current market Death Valley. I see, shimmering in the distance, Las Vegas [or Lost Wages if that's a mirage I see].

Mqurice
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