Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (14663)	2/9/2002 10:18:05 AM
From: LLCF	Read Replies (1) of 74559

< The problem from my perspective is that Magner has been saying the same thing since I first ran into him - roughly 8/1/98. Take a look at where the price of gold is since 8/1/98:> Actually, remember the stock indicies touched '98 levels in the fall... economically speaking 3 years in making a call of that magnitude [assuming what he's calling comes to pass... big if] is good IMO. "Irrational exuberance" was two years earlier... and I remember many WS puntits being chicken littles in the early 90's recession! Time will tell... I've been following the markets since the early 80's as my work, and been bearish & bullish on and off many times on both equities and gold [due to my economics background no doubt! When you're a hammer, all is nails] when in reality no economic calls were really needed during that whole time [luckily I stumbled on some pretty good trends in individual sectors and stocks]... NONE. However, that doesn't mean the won't be. DAK

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