Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Ask DrBob -- Ignore unavailable to you. Want to Upgrade?

To: JUAPO who wrote (2108)	8/29/2000 2:49:33 AM
From: Drbob512	Respond to of 100058

JUAPO: There have been many times that charts or whatever can be used to forecast a '29-type crash, and they have not occurred, not even the '87 crash compares to '29. If you study the fundamentals, technicals, and monetary factors of the U.S. and globally, it does not make any sense that we will have that bad of a crash. Seasoned judgment or reasonableness says so, not to mention our many years of experience. Let me ask you. Did Hahn call the major bull markets and major corrections, and now has just turned into a super bear? If that is the case, then I would take it more seriously, especially if he can present more evidence. I don't know his motives or his expertise, but I believe that unless we have WW III, or a huge ebola-type outbreak, or some other international, major calamity, we are not going to have a '29 crash. Also, if you know the reasons why we had the '29 crash, then you know that the circumstances now are very much different now, from a fundamental and monetary standpoint. BTW, I am bullish long-term and intermediate term now, but was bearish in mid-March. I also believed that the Nasdaq would have a technical rally to 3900 from the low 3000's in June-July, and once we got there, I thought 4301/4400 was possible. I also believe that every year we have at least 1-2 major corrections, which I have witnessed for 25 years, so I am not always a bull. But am not a doom and gloomer, because the evidence does not support it as a good probability, but rather, as a very, very unlikely scenario at this time. May change next year or the next, but for now, we are ok, imho... What do you think? Do you agree that we are going to Naz 2300 or so?