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To: maceng2 who wrote (24379)10/4/2000 9:32:54 AM
From: Oblomov  Respond to of 436258
 
Yes, the charts do look ominous. When I first plotted the data, I felt a stabbing sensation in my gut. It is really against my nature to be pessimistic, but the behavior of the market (as well as charts like this) keeps scaring me away. But, a new bull will be born in the blackest night; in 1991 many thought that the US economy was doomed to years of stagnation. And they were not being irrational for thinking so.