ok. I'll try one more time ... : )
I have a theory I've been working on for all of about 1 second. well, actually, it just came to me.
I think the bull market at this point is like Bill Clinton, and the bears are like the congressional republicans. The bears have the facts on their side. However, President Clinton has a Houdini-like capability to defy death again, and again, and again, to the point where the folks in congress must doubt their ability to interpret reality.
How do we know whether the bull market has slipped out again, or whether it's taken one last body blow too many, and is now coming down?
I don't know enough to have a position on this ... which is why I'm appealing to all the folks on this thread who have weighed in so confidently and persuasively in the past weeks. Does your silence on this tell me you have as little an idea as I do ... that's a scary thought!
btw, with Asia continuing to melt down, the tidal wave moves closer to our shores. it's hard to see we won't get hit by it, and hit hard.
Peter |
