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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Brandon who wrote (593)	11/12/2000 3:06:04 PM
From: CountofMoneyCristo	Respond to of 74559

I agree we have slowed down somewhat from a torrid pace. At some point, this was completely inevitable. However, terms such as "economic crisis" are far-fetched. Frm what I saw this week, liquidity in the stock market was at its highest we have seen in months - the only problem was it was liquidity on the downside. I don't see 1700 but I would not be surprised if we hit 2200-2500 in the next few weeks. Tomorrow may be a panic. And yet, history has proven time and time again that when the greatest disaster scenarios are thrown around, the time has come to enter the markets. I see that as no more than a few months away at most. I cannot imagine Wall Street would be so foolish to allow its golden goose turned into a swamp-lurker without putting up a major fight. The only risk is that perhaps this market has been extended to the breaking point, and investors foolishly placing enormous bets on margin will walk away from the stock markets for the next decade or more because of it. I greatly doubt this, as too much wealth has been created the past 10 years, and that capital has to be put to work somewhere, but it is a risk. Japan's bubble burst, too. Only there is a major difference: we have not nearly seen the kind of rampant speculative mania that gripped Tokyo back then, as in their real estate and banking sectors. Those institutions are far more solid here and now than they were there then. Regards, Ollie