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To: abuelita who wrote (33725)11/27/2000 5:49:16 PM
From: Poet  Respond to of 35685
 
In my eyes, it'll be a quickie, a final retest before the Naz sprints to the finish line (OK, meanders <g>) at the end of the year. I'm thinking an easing of the tightening bias on the part of the Fed during the mid-December meeting will be the catalyst for some heft and volume.

After that, I'm less sanguine about where the market will go. I'll be trading less and will most likely switch some funds to fixed income vehicles come January. It's so hard for those of us who began to trade a few years ago, in the middle of the bull market, to learn to adjust to what we now have. But adjust we must--if we want to have any savings left.



To: abuelita who wrote (33725)11/27/2000 5:56:46 PM
From: jambo-bwana  Read Replies (2) | Respond to of 35685
 
Rose re Well, the Naz got it up today, but no staying power

If "Naz" were a guy that statement would have a whole different meaning! -g-



To: abuelita who wrote (33725)11/27/2000 9:49:55 PM
From: jambo-bwana  Read Replies (1) | Respond to of 35685
 
I've been reading that a lot - now from you and jambo

More often than not a good bottom arises after capitulation occurs - when one has a substantial decline the capitulation may not be a one day wonder! One of the characteristics of a bear market is that it gradually grinds one down -- feeble rally attempts that succumb and occasional rallies that seem more sustainable and then the decline resumes. We have seen some of this during the past few months. The encouraging thing is that if past history is any guide we should be in the latter stages of the decline at least in terms of the duration of this bear market.

Are you talking about a quickie here, or something more sustained?

I missed this part of your post when I commented on the other suggestive remark that you made - you must be in a mischievous mood. -g-

OTOH, maybe this comment together with the prior one really is appropo - we are dealing with an aging bull that lacks the "energy" it once had and because of the excesses that it indulged in during its heyday, it is for the most part spent and will take time to revive! But its off-spring is waiting in the wings and when it is ready to make its move we shall see the start of a new bull market.

When, oh when will it be ready to make its move??