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

To: SOROS who wrote (6525)	11/18/2001 9:28:58 PM
From: samim anbarcioglu	Respond to of 99280

soros, >>Boeing basically admits cutting revenues for 1000 planes and says no return to normal for almost 4 years perhaps, while American plane falls apart and Boeing stock almost stays even; Not to nitpick your well stated post, but the American Airlines plane was a euro plane (airbus 300). regards, sam a.

To: SOROS who wrote (6525)	11/18/2001 11:21:13 PM
From: Crimson Ghost	Read Replies (1) \| Respond to of 99280

This is a CYCLICAL BULL. Certainly not the kind of secular bull we had in the 1980s and 1990s. I agree with Zeev that the market will remain in a broad trading range for a long time experiencing a number of cyclical bulls and bears. And with the market now fairly valued by the Fed model I doubt we can go up more than another few percent on the S&P 500 before a major correction begins. But I do not think the forthcoming correction will amount to much more than half the rally from the September lows.