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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Mike M who wrote (19265)	11/5/2001 10:23:52 AM
From: Chip McVickar	Read Replies (2) \| Respond to of 209892

Mike M, This market continues to look past the current problems to a better economic future, which is good because the current condition is pretty dismal. The big boys are buying into the idea that both monetary and fiscal stimulous is going to be enough to steer the US and world economies away from a deep and extended recession. With US interest rates expected to fall to the lowest levels since the 60's and inflation to remain stable, there's reason to believe that a any recession will be quick..., and the world should be able to overcome the current obstacles. But this is dependent on a quick resolution to the bin bin problem and a return of world wide consumer confidence. The negatives would be reflected in stumbles by the Bush administration, successful terrorist activities, and/or an all out Muslim war against the West and Israel. Personally, I don't believe bin bin's done and other events will test our countries resolution. Another reality that can't be ignored is an extended period of time where the markets go no where like the 60's and 70's and equity investments return 2-3% in dull trading. This seems to be what Merrill Lynch and Fidelity are setting up for...! Nobody tells brokers that their jobs are cyclical. I believe the shorts have to be very nimble in these markets, but this "V" bottom is technically unstable, and ought to be tested. But these opinions can change on a dime. Lets See Who's Right....! Chip