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To: Enigma who wrote (55021)6/23/2000 1:38:00 PM
From: Rarebird  Read Replies (1) | Respond to of 116762
 
I agree with Russell. With the rise in the CRB this year and the whole energy complex, along with a much slower economy moving forward, the reality of stagflation coming on the scene over the next year is a genuine possibility.

Interesting how the NAZ reversed abruptly yesterday at the 50% corrective retracement level from the April lows.

The Natural Gas stocks, long considered to be the best sector in a Bear Market, have risen very nicely this here.

I expect the Dow and S@P to decline along with the Nasdaq in the next leg down, giving final confirmation of a bear market.