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Strategies & Market Trends : The Stock Market Bubble
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To: Moominoid who wrote (1221)8/27/1998 9:59:00 AM
From: Tommaso  Read Replies (2) of 3339
 
I am still not calling a confirmed bear market. Most of the Marketgauge indicators that show anything are now bearish, but a few are still bullish and way too many are neutral. (To say this does not mean that I have any intention of speculating on the long side; those valuations are still above 1929, even after nearly 1000 points off the top.)

But unexpected bounces could still wipe out people with vulnerable uncovered short positions. There could even be another run up over 9000.

Also new money into mutual funds remains too firm--unless there's a big drop shown tonight (which I do not expect).
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