Stocks Crossing The 13 Week Moving Average <$10.01 Message Board

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Strategies & Market Trends : Stocks Crossing The 13 Week Moving Average <$10.01

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To: James Strauss who wrote (13001)	3/31/2004 4:50:42 AM
From: ~digs	Read Replies (2) of 13094

Jim... Here's a 10yr chart of the S&P500... bigcharts.marketwatch.com Since 1998, net progress for the index amounts to zero. Justification for a rising stock market would thus require an improvement in economic conditions during the past six years. Instead of this scenario, gov't figures show that per capita debt as a percentage of disposable income has grown exponentially. The federal budget deficit for the 2003 fiscal year was a record $500 billion. Geopolitical instability is greater than at any point in my lifetime, and most importantly... the real employment picture is rapidly deteriorating. Doom and gloom is a tired cliché. The above issues are strictly pragmatic. I've been reading this thread long enough to know that your market views have generally been optimistic. Throughtout the sharp decline that began in 2000 your gritty tone remained much the same. Perhaps now is the time to reconsider what appears to be a steadfast belief that the long-bull for US equities is an everlasting affair? This rally that started in October of 2002 is nothing more than a large dead cat bounce. It has small volume relative to the plunge that preceeded it, and now that it's begun to rollover... volume is picking back up again. My advice is to steer clear, fwiw... Today's circumstances dictate that money for exchange on Wall Street is better spent on something more tangible. For example: search-desc.ebay.com

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