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Strategies & Market Trends : Winter in the Great White North -- Ignore unavailable to you. Want to Upgrade?

To: kidl who wrote (1368)	8/30/2001 12:24:44 PM
From: teevee	Read Replies (1) \| Respond to of 8273

kidl, The so called "big guys on the block" have been borrowing their own clients stock to build large short positions in anticipation of a continued down turn in the markets fueled by an increasing rate of layoffs and the drop in retail spending accompanied by a loss of confidence, mortgage foreclosures, personal bankruptcies, and portfolio and mutual fund holding liquidations by many retail investors. I don't see any compelling reasons to buy stocks at this point in time. Its been well over a decade since the Japanese real estate bubble and the Nikei has just made new lows not seen since 1985. The tech bubble was much larger and could take a number of years for a recovery, especially when you consider that the market capitalization exceeded the GDP of the USA by a considerable amount!!!! I can't help but wonder if we are in the first year of a multi-year bear market? On the bright side, there are however, select opportunities, even in a bear market. cheers, teevee