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Pastimes : Home on the range where the buffalo roam
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To: Venkie who wrote (7171)4/17/2002 7:58:51 AM
From: Sig  Read Replies (1) of 13815
 
Opinions:
IMO we have turned the corner. Since consensus is usually wrong all the talk of a slow recovery is probably
incorrect.
The Nas can hit 2000 and the Dow 10600 before you can say Jack Robinson.
Does not mean its safer to invest in any stock, because there are too many crummy stocks left in the Nasdaq,
The recent fears of world problems have probably been exaggerated , with todays tabloid- like press emphasizing every bad thing that could happen.
Each fear was interpreted as meaning the market was headed south , back to '29 or '87 or the Nikkei '90's.
And produced new books by bears on how bad things could get..
With Israel agreeing to pull back, with oil producers talking of increasing production, with chip makers talking
positive, with earnings fears decreasing, with no inflation in sight.
A fairly consistant 3.5 to 4 year cycle in stock prices means markets could fully recover by the end of 2003 and perhaps sooner if money managers expect the recovery to occur and want to get in on the act.
And most profits in stocks are gained in only a few days out of the year.
However the bears have been relentless for two years and will not give in easily and will continue to try holding channels and the Press will continue to show us all the bad things that are happening while forgetting to mention that Viet Nam, WW!! , Korea, were just a bit worse.

Sig
( should be an interesting and busy day for the those who bgt or sold 90000 April calls and 103,000 April puts)
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