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

To: Tommaso who wrote (1302)	12/6/2000 4:20:36 PM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

Looks like my 5 minute optimism was probably a little misplaced. If this year has taught us all anything it is that you can never be too pessimistic about the stock market. Look at the dollar! It is still falling! The stength of a nation's currency is the true measure of its sovereignty and health. Our has done a key reversal just at the time when things should be getting bullish - with Greenspan's speech of nothing and the election deadlock coming close to closure. The currencies traders are dumping our dollar like mad. The credit bond spreads are still widening. Everything is still dismal. If I ever say anything optimstic again on this thread please shake me to my senses. Things won't get better until there is a wipeout and the bubbleheads disappear. The marginuts go broke. Stuart cashes out. And the investor intelligence surveys say everyone is bearish. When things go to hell then I'll become a bull. But until then you can't be too pessimistic in this market.