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Strategies & Market Trends : Zeev's Turnips - No Politics
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To: Zeev Hed who wrote (71514)5/25/2002 7:26:09 PM
From: Crimson Ghost  Read Replies (1) of 99280
 
Zeev:

The major failure of the turnips this year I think was the call for an April rally to NAZ 2100 which never materialized.

BTW amid all the talk about a mountain of money ready to pour into the market people would do well to look at Japan. Their market has been going down for many years despite a much greater supply of money in public hands relative to market cap then we see here.

One key problem I think is that the US bull market has lasted so long that not many remember what a grizzly bear is like. All the big drops since the secular bull began in 1982 have been farily brief with big recoveries soon following. But in a secular bear or trading range market, the rules that worked so well for many years are no longer operative. Most people will have to learn this the hard way unfortunately.
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