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Strategies & Market Trends : Natural Resource Stocks

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To: ItsAllCyclical who wrote (22532)3/8/2005 3:40:38 PM
From: Roebear  Read Replies (1) of 108906
 
IAC,
The coming recession..., why IAC, you obviously haven't taken your CNBC dose today, GGG! Speaking of which...

Dick Arms was on CNBC, I turned the sound up for that. He was talking about the indexes being in a trading range of 7500 or 9000 to 12000 for up to 16 years (2005 being the 5th year of the cycle), just like the last two sideways cycles last century. (I think he saw the hook coming from the curtains so he went from 7500 to 9000 for the low end of the range, lol!)

He said buy and hold was for the bull market but timing is the thing now.

OK, back to work,

Roebear
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