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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: Pancho Villa who wrote (3455)10/8/1998 11:24:00 AM
From: Druss  Read Replies (1) of 4634
 
Pancho--I am concerned about what I see in terms of buying also.
Investors that saw all this coming because of numerous factors they could see in the market are now seeming to expect a quick turn around. We have been in a bull market for 7+ years there is no reason a bear can't hang around for 2 or 3 or more. Many of the factors that brought the bull down are still there (poor banking practices, Asia, wild speculations on various stocks and market sectors, and low corporate earnings). Some have not made themselves fully felt. I agree with you the market may head down further and to my mind may stay there longer than so many people expect.
All the Best
Druss
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