Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: Jim Willie CB who wrote (2185)	7/15/2002 5:03:13 PM
From: stockman_scott	Read Replies (1) of 89467

<<...THE MARKET ISN'T CHEAP... The purpose of looking at the long-term charts isn't to scare anyone. Our main goal is to show that this market isn't cheap. In fact, it's still historically very high. We've expressed the view several times before that we believe the twenty-year bull cycle has ended. That means the current bear market could last longer -- and fall much further -- than most people realize. We don't know how low it can go. It's the direction that matters most -- not the actual numbers. The "head and shoulders" tops shown in the preceding charts is another warning that things could still get a lot worse. As the message is finally getting across to the public that this bear market is indeed different from those in the recent past, mutual fund redemptions are starting. Imagine what could happen when the public finally decides to start selling...>> gold-eagle.com Jw: Strap in and enjoy the ride since I don't think Bush (I mean Shrub) will be providing sound advice...Its capital preservation time...=)

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