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Strategies & Market Trends : IDIOTVILLE.COM
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To: Ron who wrote (150)6/3/2002 11:19:02 PM
From: robert b furman  Read Replies (2) of 181
 
Hi Ron,

I think 9/11 was the bottom -and true capitulation.

In past economic recoveries - vix spikes did not occur - the turn was more subtle and leading sectors (i.e. semi equipments had price weakness that tested their 200 day ma. I think as the frequent economic data gets put out ,it confirms an economic recovery is at hand and just not being realized due to news noise.

I believe institutional buying -masked as it always is -will support the soon to be undisputed recovery.

Our economy is benefitting from lower interest rates -(good car and housing sales) - good employment/stability our productivity is up big time and 95% of all people are still working and actually making more - afterall their productivity is up-they're more valuable).

Last but not least, under the guise of "homeland Security" - our government has gone from surplus to defict spending - the dollars being monetized are making last years tax return look like chump change and it is going to businesses not retail consumption.

THIS IS THE LAST SHAKEOUT BEFORE THE BREAKOUT.THE PAST POPS APRIL 01 AND FEB 02 WERE FALSE STARTS.

THE MARKET IS EXTREMELY OVERSOLD JUST BEFORE THE ECONOMY CONTINUES TO GROW AND BUSINESSES ARE MAKING ENOUGH PROFITS TO INVEST IN BRIGHTER FUTURES THAT ENHANCE EFFICIENCIES.

JMHO

Bob
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