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To: AllansAlias who wrote (34905)3/21/2001 9:56:14 AM
From: jambo-bwana  Read Replies (1) | Respond to of 35685
 
I don't know if you saw this

cnnfn.cnn.com

Russell has not been a perma-bear but his outlook seems in line with yours; an excerpt:

Russell said we are currently in the second stage, when the entire market falls as earnings and business conditions decline and investors begin to sense something is wrong. This stage lasts the longest, Russell said.

The third stage comes when investors give up on stocks and extreme fear prevails.

According to Russell this is when the bear market ends and a new bull charges forward. But he added a bear lasts about one–third 1/3 to one-quarter as long as the bull, which could mean a few more years of the current conditions


I tend to be more optimistic!