Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ilaine who wrote (48070)	4/6/2004 8:31:05 AM
From: AC Flyer	Read Replies (1) of 74559

CB: My 2 cents. Jay correctly predicted the 2000/2001 tech wreck, imho. He's been 100% correct about the trajectory of the yellow metal. So, I think your round criticism of the tuning of his crystal ball is not justified. The only place that Jay and I differ, actually, is in timing. At the risk of speaking for Jay, he appears to believe that we are in a slowly-unfolding, ongoing crash. My pov is that, after the 2000-2002 correction, we are currently experiencing the third leg of The Great Bull Market in US equities. The crash will happen when secular demand enters a 15 year contraction at the end of this decade.

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