To: Malcolm Winfield who wrote (85323 ) 1/25/2001 12:05:05 PM From: Don England Read Replies (1) | Respond to of 95453 malcolm, you just gotta read a few more austrian economists and then you'll see the lite. actually, i do agree with sob, but the real sticker here is the point gina makes: when, not if. don't know how many of you follow hays, probably a lot, or stack, he isn't mentioned often. i follow both and find they fairly well mirror one another in their timing calls. i have to follow someone; as a timer of the mkt. i am awful, generally early to the party and early to leave. i don't want to leave too early this time; maybe that will make me a hog? the sentiment indicators from both hays and stack indicate that regardless of the dire consequences of 'free money', crumbling fundamentals and decreased container box sales we are not going to crash and burn for a couple of months. and this period of realtive stability is actually lengthening according to some; i see folks moving armageddon on into '02. one the things the mkt. does is move slower than we think it will. witness all the calls for a crash&burn in 99; some of these very, very savvy folk were up to a year early, not wrong, just early. what is obvious isn't necessarily imminent. this said, so long as the economy is not perceived to be circling the drain i think the osx can run more than we hope. as for stocks selling off on good earning, etc. i rather expect it. bjs hit the skids a bit on good fwd. forecasts, so why not keg? give 'em a day or two and i think they come back. i keep saying that the money has to go somewhere. i think this is it for the moment. sentiment is the big factor and a.g. is the king there; the magic wand is starting to wave again. don