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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?


To: RocketMan who wrote (16209)11/14/2000 6:05:11 PM
From: Jill  Read Replies (2) | Respond to of 65232
 
I agree that article was a piece of crap, and crazy to boot.



To: RocketMan who wrote (16209)11/14/2000 6:21:53 PM
From: Clappy  Respond to of 65232
 
I agree with you Rocky. It certainly in his best interest to write articles of doom and gloom.

However, if you look at that chart that you posted, you notice that it is lower than it's ever been on that chart.
Similarly, the markets last year were at the highest points that they have ever been.

Let's assume that the natural cycle of things occur and we begin to head into rising inflation or possibly a recession.
Perhaps that is when that ^AUX chart begins to cycle back up.

Don't get me wrong.
I'm not predicting that the customary run into the end of the year won't happen.
However, I won't be surprised if it isn't as great as many of us expect.

December may see some tax selling. January and February may see a lot of mutual fund redemptions.

I understand that the broadband infrastructure isn't close to being completed and there is plenty of room for continued growth.
But as these valuations continue to climb back to extreme levels, the more often we will see these sporadic sell offs.

I'm just a little more cautious now.
Haven't bought any gold or silver yet.
:^)

-Clap