"...as long as the Asian Flu does not sink the whole market." We've just seen the first few sneezes of this long term cold. We may be oversold on a very short term basis, but there's September and bloody October ahead without anything on the horizon as a relief to the Asian flu. If China devalues it's currency, which looks very likely, we could easily see another 10 to 15 percent or more shaved off the DOW very quickly. TAVA could still out-perform the market with some great news, but it will have to be really great. NASDAQ seems headed for the 1500's by October and the DOW to the 7500 or lower range. Short term traders who want to preserve capital should sell into any short term rallies. IMHO, the Asian flu will be with us until next spring or early summer (yes, that will qualify as a BEAR Market instead of just a correction), but then...the DOW will rally to hit 10,000 before Dec 31, 2000.
No crystal ball, just a bit of global market analysis...and of course all IMHO...
Best Regards,
R. Gates |
