Thomas, I have a few responses to your most recent post: 1) It seems to bother you that the baby boomers have funded this bull market. I fail to see your argument for baby boomers stopping at this point! Where is it? What is it? " If everyone wants to sell, don't tell me you are going to be able to get yesterdays price!" Sounds like sour grapes to me. That is to say, just because you ( and others on this thread) have not reaped the fruits and rewards of this bull market, you would like to profit on the downside, when it eventually comes. Now there is nothing wrong with that, except this BULL MARKET IS INTACT! The RUSSELL 2000, AMEX, and NASDAQ hit ALL TIME HIGHS on Friday! Why are you so obsessed with the DOW? I said on this thread in the midst of the large cap correction that the torch of market leadership would pass to the small caps; and that is exactly what has happened. I have said repeatedly over the last 5 weeks that the DOW and S@P would flounder while the small caps took off. We are now in the midst of the first leg up for the small caps. In point of fact, it's a NEW SMALL CAP BULL MARKET! This rally will intensify and feed on itself. To be sure, the small caps will eventually carry the DOW and S@P to new highs later this year, or early into 1998. In 1987, small caps were not rallying like this. 3) Today, there are plenty of modest and worthy laborers amongst BEARS, too, who are happy in their dark bearish den; and because they are happy there, they sometimes demand rather immodestly that one ought NOT to be content with things today, generally- especially in regard to the bullish stock market, where so much that is useful remains to be done: to push small cap stock prices higher! The last thing I want is destroy the pleasure that an honest hard working BEAR takes in his craft: for I approve of your work. But YOUR OUT OF TOUCH AND OUT OF SYNC! You yourself even sense this by referring to your analysis and scenario as a " DREAM ". If you want to make some money short term, get Real and start investing in SMALL CAPS. Start looking at the TAPE, the REALITY of the STOCK MARKET, and stop fantasizing! This Bull market in small caps is REAL and not going away! It's the beggining of a MAJOR REVERSAL in this ONGOING BULL MARKET: RENAISSANCE OF THE SMALL CAPS! It's still in the very early stages and one can make a FORTUNE here, unless, of course, you can't recognize and handle REALITY and don't have the GUTS to invest. On the day the Dow fell 247 points I said, as a contrarian, we would celebrate the 10 year Anniversary of the 1987 Crash by hitting new highs! 4) I will tell you what I have told everyone else on this thread: Don't become a prisoner to your convictions and beliefs. The Passion of a great bearish faith has caused many financial ruin. 5) Tell me all you BEARS, what does your analysis not conceal today! how much, at any rate, is it MEANT to conceal! The proficiency of our finest Bearish Scholars, their heedless industry, their heads smoking day and night, their very craftsmanship- how often the real meaning of all this lies in the desire to keep something hidden from oneself! BEARISHNESS today as a means of self-narcosis: DO YOU HAVE EXPERIENCE OF THAT? Regaining consciousness is never easy especially when you have suffered deeply!
6) Call me whatever you wish. I can take it all, especially from YOU! But just remember one thing: I told you in advance that the small caps would rally and that they would assume MARKET LEADERSHIP; and I WAS RIGHT! I have also put my money where my mouth was and have profited handsomely! I'm not waiting around for an empty dream to come true. |
