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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?


To: puborectalis who wrote (3830)11/7/2001 5:18:41 PM
From: LTK007  Read Replies (1) | Respond to of 99280
 
<<the dynamics of the market have changed.>> for the time.But when this breaksdown it will breakdown hard.The higher it goes the worst the fall will be--max



To: puborectalis who wrote (3830)11/7/2001 6:31:46 PM
From: Joe Smith  Respond to of 99280
 
In what way? Looks just like the bear market rally last Spring or the one in January or the one last Spring. What dynamic has changed? We have a secular bear market with 30-40% sell-offs followed by retracements of half to two thirds. I see no change in that pattern. I can't say that I expect a sell-off to the 1200's, but that could happen if the promise of recovery fades as it has done after each bear market rally. Even if the promise does not fade, but instead becomes uncertain, we will see a retest. Corporate America needs to show some real quarter on quarter growth rates. Going long is betting on a clear view of that during the warnings season to come, a dubious proposition. I do not know where you have stood in the past, but during each of the rallies I have been deafened by people buying "core positions at the bottom", such as ARBA at 50 last Summer.