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To: bill meehan who wrote (93706)4/12/2001 6:38:40 PM
From: maceng2  Read Replies (1) | Respond to of 436258
 
Bill,

re But I can guarantee you one thing: the Naz ain't crashin' tomorrow.

Ahh yes! We do have the usual news bulletins tomorrow though. A Friday 13th, but I realize now the market is closed -g-

I thank you for your informative posts on the bull case on this thread.

There is always a grey area too. If the guys who actually control or recommend buy/sell shares in a professional sense say and act (on a continued basis) "well the market looks like crap", we will continue to tank...for ever. It's a fairly easy and safe thing to say on a down trend. That is not in any ones interest in a real sense. You also have a much closer grip one what's going on in a day to day basis.

Lookin forward to a real recovery, but I'm still betting on the downside overall. Seen the SI post data predicting an upward trend in the ST though, and am listening carefully.

My relatives taunt me with stuff like this... "The mark of the amateur stock market investor is that he buys at the high and sells at the low". Lots of truth in that saying I know. Lots of history proving it too. -g-

regards,

pearly



To: bill meehan who wrote (93706)4/23/2001 7:51:16 PM
From: patron_anejo_por_favor  Read Replies (4) | Respond to of 436258
 
<<We shall see. But I can guarantee you one thing: the Naz ain't crashin' tomorrow>>

Jeez, somebody better tell Luc, and quick!<VBG>

I agree that all this negative stuff we talk about is known by anyone who matters on the street. The only real issue is how much weight to give each issue, ie, indebtedness, currencies, inflation and energy.

As far as overcapacity goes, yes, one way or the other it will be shut down. But what about overcapacity with respect to the workforce? If unemployment goes to, say, 5% by the end of the year, it won't be pretty for lenders or residential real estate.

Finally, a nice piece by Steven Roach today, might be worth a look (yeah, I know, he's a permabear...but he argues his points well...click on "pushing on a string":

morganstanley.com

Nice call, BTW!

Regards

Patron