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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Taikun who wrote (49551)5/6/2004 1:04:30 AM
From: BubbaFred  Read Replies (2) of 74559
 
This market doesn't have the conviction to rally, despite the good economic news, as if there is a dark cloud overhanging or a storm front approaching. Just doesn't feel the same as previous economic turn-arounds. It's like buy in anticipation of the news and sell when the news come out. And the bears are just waiting very patiently, like vultures, waiting for the bulls to break a leg and cannot run anymore. I read somewhere that those new jobs are of the lower paying jobs variety, but jobs nevertheless. Yet they are not equivalent to the recovery of the 1980's - not as vibrant and hardly any bon vivant feeling, just very subdued. The only ones feeling good are the immigrants and here in the west, it's the fast growing hispanic population.
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