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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: Les H who wrote (174367)6/21/2002 3:15:40 PM
From: Les H  Read Replies (1) of 436258
 
Ken Fisher: Buy Stocks Now

forbes.com

Even if it's not the start of a real bull market, the rebound should last long enough to vaporize Wall Street's emerging consensus that there can't be a big up-move soon.


It is finally time to get fully invested, although maybe only temporarily. Investors have dug down into pessimism too far for stocks not to pop upward nicely. My shift may surprise recent readers, who have seen me unremittingly bearish for 18 months. But bear markets last only so long. Why now?

Among the most basic market rules is that the market discounts all known information. To be bearish, you must see bad things others don't. One and two years ago I could (see prior columns on my Web page). Now I can't. Simply agreeing with others about the world's evident evils won't hack it.

more at link
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