The Thread Formerly Known as No Rest For The Wicked Message Board

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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked

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To: macker who wrote (47665)	6/2/1999 10:19:00 AM
From: MARK C.	Read Replies (1) of 90042

I agree with you about the drastic late summer selloff but I think dow 8000 is a bit low. I think 9600 is a bottom. I think there is still way to much money coming into the ,market from 401's ect, for it to take a 20+% correction. If consumer spending drives earnings then built in support from a catastrophic correction is already in place until the bulk of the baby boomers (US) reach retirement age. I see an extremely volatile market this summer but will be all cash by the middle of July and only daytrading until the biggest of the dips occurs in late summer (my guess) where I will do my bargain shopping for the year 2000. Thats my plan anyway Looks good on paper. :-) MarkC

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