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Strategies & Market Trends : The Stock Market Bubble

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To: Tommaso who wrote (1945)	10/4/1998 7:30:00 PM
From: Greg Jung	Read Replies (1) of 3339

A trader type I listen to weekly was "bullish" - as in, ok to buy at these levels. This was Tues and Wed, though, so it'll be of interest for his read this week. I've heard other outright stock-picking long-term common sense types declare a bear market. Nobody seems to consider US recession very seriously, frankly I don't know what the fuss is all about. We used to have casual forecasts of recession on a periodic basis. Now however they seem to want to pull out all the stop to forestall one. To that end a steady devaluation of the dollar is forecast by Mo Ansory (at compaktrading.com ). I think we'll be ok for overall market, except for the "take 'em behind and shoot 'em" season, with alternating days of despair/hope floating the Cokes and McDonalds and Microsoft while longer. Greg

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