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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: pater tenebrarum who wrote (83284)8/24/2000 11:09:49 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 132070
 
Hays accurately called the first phase of this bear and the first rebound as well, but he seems to have tripped up in his call for phase 2 to begin in July. Nobody gets it right all the time.

Still with the VIX now just slightly above 19 -- one of its lowest readings ever -- and the dollar perhaps starting to roll over-- I will be very surprised if this rally lasts beyond labor day. And when the rally ends a big drop is sure to follow.