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Strategies & Market Trends : The Millennium Crash

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To: Arik T.G. who wrote (3285)8/31/1998 8:18:00 AM
From: Philipp  Read Replies (1) of 5676
 
Hi Arik:


This could be the big one. A once in a lifetime event. If it's ever going to happen, then it's this week and the next.


Superbearish as always. However, I am afraid that I have to agree with you more-or-less completely. Well, I don't know which wave we are in, but I don't think that matters. The stock market is technically extremely weak, sentiment is generally uneasy to panicky and the Far East is about to crack. Couldn't be much worse than this. It will be interesting to see how quickly today's morning rally will fail.

Even I am starting to get afraid that it will go down too much and cause a severe deflationary recession.

Cheers,

Phil
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