SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Millennium Crash
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: GROUND ZERO™ who wrote (542)8/29/1997 1:58:00 PM
From: Rarebird   of 5676
 
Mr. Ground Zero, Sounds to me like your an "Irrationally Exuberant" BEAR. I have a few thoughts for you before I head out on the Atlantic for a few days, "MATE": This correction is at least two thirds over. There is some more weakness ahead, but don't get too exuberant here! First of all, the U.S. Market has held up quite well so far considering what has been going on in ASIA and EUROPE. I expected worse. As far as the Asians selling their U.S. Treasury Securities, it is possible, but highly unlikely. In terms of currency crisis, the dollar almost always benefits and so do our Bonds. Secondly, this once in a lifetime opportunity you speak of has NO BASIS in recent market activity. You will have to wait another 6-9 months. Your view is too widely held and commonplace for it to occur now. The RUSSELL 2000 is up again strongly today hitting another NEW ALL-TIME HIGH! This is a basket of 2000 small cap stocks, an indicator which has tremendous BULLISH OVERTONES GOING FORWARD! Be careful! This is a major correction in a ( still ) ongoing BULL market. I expect the S@P to bottom in about 6 weeks. Good short term money has been made and will continue to be made in the S@P. Intermediate Term, it's a CLASSIC BEAR TRAP. Long Term your Right.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News