"dead cat bounce" - Not sure how to interpret that. Do we all here still feel that the U.S economy is still in a bullish mode and that the inflation rate will still continue to remain in the current levels or even drop a little ? Do we all feel that Asia, including Japan, and the latin american countries are showing signs of a recovery from last year's crash ? If yes, then I consider this so-called "dead cat bounce" just a phase in testing a new bottom. Kinda, like what we saw in the first week of Oct 1998. Right ?
(disclosure: I still feel that we are in a bull market. Considering the incredible run the NASDAQ has had since Oct 98, and the delayed DOW rally, this recent drop is nothing more than an overall minor correction a bull market needs to make new highs. How much of a correction we'll see, I don't know. Perhaps 10-15% on the DOW, and 30-35% on the NASDAQ) Just my opinion, and feelings of where I stand with the current markets. It's how I keep my sanity and make sense out of all the articles, and analyst's opinions. It's how I check with myself to confirm if I'm sticking with my plan of reaching my own, personal Nirvana. lol !!
P.S. Interesting how I haven't seen Bob Brinker mentioned once on this thread since I've started lurking since April 1. I personally feel that he's the most accurate market-timer since 1987, which is when I first started investing. I've tested his market-timing advise every time he gave a signal or indication of a major directional change in market sentiment. My most memorable test, to the best of my recollection, was when he advised regular listeners to evaluate their portfolios in late spring of 1998 and confirm that they are confortable with their positions in case something happens. I did. You all know what happened in Aug., and Sept. 1998. The day after Mr. Ralph Flipflop Accompura called out the end of the bull market, Bob Brinker confirmed that the S&P500 tested and re-tested the bottom of that correction. I believe that was Oct. 8th, 1998. The following week is when I moved from cash, back into my beloved Tech Stocks and S&P Index fund. The rest is history.
Right now, Bob is still bullish, but he did advise his listeners to check their positions a few weeks ago. I did and I'm ready for whatever comes.
Ok. I think I spilled my heart out. Nough said
Twick
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