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Strategies & Market Trends : Galapagos Islands
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To: Lizzie Tudor who wrote (15218)12/3/2002 11:19:15 PM
From: Jorj X Mckie  Read Replies (1) of 57110
 
I think we see new lows. I think it will take a lot of years to cleanse our financial market of its excesses to where we have an unfettered bull. However, I think there will be good bull market periods interspersed with ugly bear market periods during this cleansing period. One of the main things that I think is important is that I don't think we are going to see an opportunity for lowly pukes, like you and I, to get rich on employee stock options. I honestly believe that was a once in a lifetime opportunity. Maybe there will be opportunities to feather the bed a little with options...if you catch the cycle right, but I am not counting on another homerun.

One of the things that convinces me that the bear isn't over is that I know many people up in SV who are still in the mania mode. They are absolutely convinced that they are going to get hit by lightning twice.
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