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To: BigBull who wrote (81044)12/8/2000 5:41:16 PM
From: Crimson Ghost  Read Replies (1) | Respond to of 95453
 
Big Bull:

The best market prognosticator I know is Don Hays. Have followed him for several years and his major calls have always been right. I would be considerably richer today if I had followed him more closely. But I have remedied that error.

He still thinks we are going to have one more BIG MOVE DOWN within the next few weeks before THIS PHASE of the bear ends. Talking about NAZ 2000 but thinks the Dow may be able to hold above 10000.

Once we make a meaningful bottom he sees the market rallying 20% or so over the following 4-6 months as the Fed eases. But the final phase of the bear begins around mid-2001 when the markets realize that the economy is slipping into recession despite Fed easing. That is when the NAZ breaks to 1200, the Dow to 7000-8000 and bond yields plunge to 4%.