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Strategies & Market Trends : Strictly: Drilling II -- Ignore unavailable to you. Want to Upgrade?

To: SliderOnTheBlack who wrote (4003)	11/15/2001 10:36:13 AM
From: Crimson Ghost	Respond to of 36161

Slider: I am not saying buy stocks now. Just the opposite. Now is a good time to be selling. But I do think the lows are in and plan to start buying aggressively again when and if we have a 50% retrace of the rally. Evidence continues to accumulate that the lows are in. Junk bonds have finally joined the party. They have not had a decent rally since January. Emerging markets and Japan -- which have lagged until recently -- have also joined the party. Strenght in junk bonds and emerging markets is a signal that at least some of the smart money feels the worst is over IMHO. These are not manipulated by the PPT as are the Treasury bond market, the gold market, and the domestic stock market.