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Pastimes : Ask da_cheif -- Ignore unavailable to you. Want to Upgrade?


To: robert b furman who wrote (7898)1/15/2002 3:11:12 PM
From: Chip McVickar  Respond to of 8150
 
Bob,

>>I've been trying to keep up with this thread but do not have a feel for how negative the moving averages have become in past dips - any idea??<

Well, on this THE ONLY CLEARLY Bullish thread we like to acknowledge looking for buying opportunities into any weakness, rather then scrambling around ringing-our-hands and looking for awful things about to happen to bring down the world around us.

IMHO and as a presumptuous student only..., I'd say the studies we do here are in neutral...., have clearly shown the markets recent weakness, and are reaching a point of going long, but have not totally confirmed that fact yet.

The double-dip post reflects a bond writers need to come up with a believable story each day. Your excellent post and bullish position...., set together with the double-dip scenario are IMO, both possible at this time. I don't believe that significant inflation is around the corner and come spring rates are going to rachet up. So I'm bullish on bonds and own some. I also like old fashion utilities and value companies that have growth and produce dividends, because that sharing of profits is going to return.

But the political climate, Enron and terrorists have placed a certain uneasiness within the country that may take more time to overcome. To me it's likely that even with some solid economic signals, the country as a whole will not appear set to go until after the fall elections, giving the economy another year of time out. This does not mean the general markets cannot go UP.

But I do believe at some point another significant bull market will establish itself and break the highs like butter. ACCording to da_cheif it's already started and a major low is due sometime this year.
Chip