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Politics : Dutch Central Bank Sale Announcement Imminent?
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To: Alan Whirlwind who wrote (15751)10/2/2002 7:35:05 PM
From: sea_urchin  Read Replies (1) of 81023
 
Al >You will see the Dow below 6000 this month at some point imho. I'm hoping that will be the base for a nice rally and better times.

Sounds like a contradiction unless, of course, you are anticipating that Costa Rica will win the war!

>remember those 4 bear funds I mentioned beginning of last month? They were good for 19% for the month

With Dow falling to 6000 it seems you are looking for 25% (minimum) for this month. At this rate, no-one will want the market to go up.

Not being frivolous for a moment, in my opinion, if the Dow falls to 6000 it would be very serious and indicate a failure of the government to oppose the deflationary effect of the collapsing stock market bubble. In fact, it is likely to presage further market falls, insolvencies, retrenchments and the collapse of the property bubble. If the prophesy of John Murphy that the bear market will continue for many years is true, the outlook for the years ahead is, indeed, dismal.
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