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Strategies & Market Trends : Strictly: Drilling II

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To: steve susko who wrote (12111)5/10/2002 7:47:28 PM
From: SliderOnTheBlack  Read Replies (1) of 36161
 
["see the MOABO in the 2003/2004 or drag on for a decade or so like Japan? "]

I think we will continue to grind down in a sustained Bear Market for at least the next 2-3 years as the debt collapse works its way thru the market and the economy.

But, ultimately I think it will be a rogue wave type of event driven crisis taking us down hard & fast sometime within that timeframe to historically supported longterm value-buying levels - that will produce the MOABO.

It may be a JPM/CHASE derivatives meltdown failure; or a domestic bio, or dirty nuke incident.

I think most everyone will recognize that it is the MOABO...and it will be supported by historic "valuation multiples/PE's" as "cheap" on all metric's.... but, few investors imho, will have the cash exposure to be able to significantly take advantage of it.
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