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


To: limtex who wrote (17704)11/18/2000 7:20:01 PM
From: Uncle Frank  Read Replies (1) | Respond to of 65232
 
>> Isn't about time that we all recognized that we have totally misread this market and have consistently deceived ourselves since late March since we are in a bear market and not only a bear market but one of the worst bear markets in history?

It depends on how narrowly you wish to make your definitions, L. Someone with all of their money in Lucent would define the entire year of 2000 as a bear market,

finance.yahoo.com

while those in Sun would swear it began in September.

finance.yahoo.com

I like to use a broad measure of the market, so I rely on spy (s&p500 index).

finance.yahoo.com

Though it has been incredibly volatile, spy is only down 7% ytd. I think it's premature to announce the death of the secular bull on that kind of move.

Imo, what we're seeing is a massive sector rotation, with part of the capital being re-allocated to old economy stocks, but the larger part being held in cash, and reserved for the tech sector at an opportunistic moment. I also think that resolution of the presidential issue may signal that opportunity. If I'm right, we'll all be amazed at the speed of the nasdaq's recovery.

jmho,
uf



To: limtex who wrote (17704)11/18/2000 7:36:37 PM
From: Voltaire  Read Replies (1) | Respond to of 65232
 
Hi Limmer,

it has always been my opinion, that it is not where you are that matters, it is where you can see yourself going. I also have said many times that a market has to have something to look forward to in order to move. I SAY WE HAVE A COUPLE OF THINGS - 1. Election and new administration and 2. A fed that I believe will begin to reduce interests rates probably in about six weeks or soon after. I am not expecting euphoria in the markets but I see money to be made in the next three to four months.

sorry,

BTW - Barton Biggs has missed the entire Bull Market as a result of his negative views.

LOL

V



To: limtex who wrote (17704)11/18/2000 8:01:26 PM
From: Boplicity  Read Replies (1) | Respond to of 65232
 
re: Isn't about time that we all recognized that we have totally misread this market and have consistently deceived ourselves since late March since we are in a bear market and not only a bear market but one of the worst bear markets in history?

Speak for yourself. By the time the bulls realize that we have been a bear market in the naz since March it will be over with. I say two more quarters or the first fed ease.

Greg



To: limtex who wrote (17704)11/19/2000 4:18:27 AM
From: bela_ghoulashi  Respond to of 65232
 
"Isn't about time that we all recognized that we have totally misread this market and have consistently deceived ourselves since late March since we are in a bear market and not only a bear market but one of the worst bear markets in history?"


Even at this hour bland has still made more money in the market over the past 12 months than any twelve month period previously. What was an incredible, unbelievable year back in March is now only a believable but still quite credible one. And fully 70% of the money bland has in the market right now (he is fully invested at the moment)is money he has made in the market.