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Strategies & Market Trends : Trader J's Inner Circle -- Ignore unavailable to you. Want to Upgrade?


To: Canuck Dave who wrote (22313)10/28/1999 8:19:00 AM
From: Rande Is  Respond to of 56535
 
going to start a watch list tonight with your predictions
Hey, thanks much, Dave. Oh yes, Canada will be in the parade. . .

As for advising on whether to be a bull or bear. . . I believe I said that each should decide for themselves what they are, then act on it. . . my point was that you can miss much while fence straddling. . .

Market moves are what happen when you are trying to figure out market direction.

My advocacy is based on steadily growing economy with low interest rates. . .no worries of major global economic collapses [like last Oct]. . .the market has already adjusted to the idea that we may see higher interest rates in 2000. . .Fed leaves interest rates alone in November [which I am certain they will do], markets will stay on track . . .and it is mostly thought we could see a relief rally, should they raise rates. I explained about global productivity affecting bottom lines. . . compared to last year, most about the economies of the world are vastly improved.

At this point, the only fear being sold us by the media and the bears is Y2K, which many now consider to be a non-issue. I will do a dance between January 1 and January 3, when reports come in from all points around the world that 'all is well'. . .because I plan on being fully invested, having loaded once again with bargains in the final week of the millenium. Who cares if the power is out in rural Nebraska? Or that a phone company failed in Guadalajara, Mexico? Or that a factory in Bucharest, Romania shut down at 01/01/00?

I see this entire Y2K issue as the explosive pressure that builds before an earthquake or a volcano. The closer we get to Y2K, the more the world markets "hold back" their gains. I expect Monday the first week of January to be remarkable. This is a overly simplified explanation to show the enthusiasm I am showing is based on responsible research and not merely whim.

Remember when you put that list together. . . consider this. . .I expect November to be a mini-rally. . . where small caps finally get a little relief from short-pressure. . . .rally is over by end of month. . . .but the rally between January and April is the one that I am talking about. That one will be of historic proportion.

Rande Is