Massacre on Wall Street Message Board

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Strategies & Market Trends : Massacre on Wall Street

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To: Cynic 2005 who wrote (47)	2/3/1999 8:30:00 AM
From: Terry Whitman	Read Replies (1) of 92

Some amusing comments from cycle pro: <The general market will begin a dramatic slide downward about halfway through the IPO maze of internet stocks. Even though the current reports show 33 more internet IPO's in the next 8 weeks, there are likely to be many more Johnny-Come-Lately's soon thereafter. If the general market has not already topped out, then I give the bulls no more than 2 more months to discover that their pasture has been completely consumed of eddible fodder. These next two months, regardless of whether the bulls gain advantage or the bears, are likely to remain in a very side-ways struggle -- with occasional bouts of impressive moves. I believe the bears have the historical advantage, but the bulls have Clinton and Rubin on their side to "talk" the market up when they deem it necessary. Greenspan no longer has much clout, if you carved a wooden Greenspan look-a-like puppet doll I doubt anyone would notice the difference. There does not seem to be a quotable spokesman in the bear camp that carries the same clout as Clinton/Rubin to talk a market down -- one will emerge, eventually -- CyclePro maybe? ... (tongue in cheek intended). > geocities.com TW

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