The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: orkrious who wrote (63131)	6/11/2006 1:46:29 PM
From: ild	Read Replies (1) of 110194

Lowry's has been warning for several months about the internals and deterioration of market indications. They think we are entering an emerging bear market. They feel with the S and P down only 6%, its not too late to assume a defensive posture as a 20% decline in this index could unfold. They go on to talk about their study of history and 90% downside days, begging that there are more of them in store until prices get low enough where investors are comfortable accumulating stocks for the long term and and until a 90% upside day on enthusiastic buying emerges. Until then, they are extremely cautious and have advised the sidelines. Message 22532491

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