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Strategies & Market Trends : Bear!
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To: James Clarke who wrote (138)7/28/1998 11:30:00 PM
From: Les H  Read Replies (1) of 267
 
James,
You'll find a lot more post traffic on this topic at "The Stock Market Bubble" on SI. I don't have any disagreements with what you say. There are two Morgan Stanley investment strategists: Byron Wein (US market strategist) and Barton Biggs (Global investment strategist). Both are looking for a correction. The fact is we were still in a correction during the June/July runup --- it's a rally within a correction/bear market. Wein has been super bearish for a long time. Biggs doesn't really predict markets; he says to expect a 10% correction.
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