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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: AUrush who wrote (50625)	6/10/1999 1:34:00 PM
From: JeffA	Respond to of 90042

A major bull run? I don't know. I, personally, do not like the market so close to 11K. It seems to be a huge barrier. I would like to see a correction, if you will, to the mid-9000s. Then I think we could run to 11k a little slower and sustain it. Interest rate fears and Y2K and the Kosovo situation were all factors I guess. I think the market is a self-fulfilling prophecy area. They say doom & gloom, the minor players listen to the major players who listen to analysts, the analysts say boo and away we go. I do agree though for now at least. I think we got to 11K too fast and the underlying earnings and values may not be there. Next time we stay up there. There are reasons for my thinking. You see "they" said DOW 10k in JAn and we did it. "They" said 11k by March, we did it a couple of times. Now, "they." say summer doldrums, earnings warnings, blah blah and we go down. Jan 2000 after Y2K should be a blast for bargains and quite a ride. My thoughts and more than likely wrong, but that's how I see things.