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Strategies & Market Trends : Paint The Table -- Ignore unavailable to you. Want to Upgrade?


To: rich4eagle who wrote (21097)3/20/2002 12:25:36 AM
From: Jorj X Mckie  Read Replies (1) | Respond to of 23786
 
hmmmm 4th leg down....is that what it is?

I believe that we are in the topping patter now. I don't really know when we start down again. It could be imminent or it could take a month.

I believe that this bear market is a necessary part of the next bull market. I believe that the market is primarily bullish, but we got overextended and we are correcting those excesses. I believe that the current fed policy is prolonging the bear by not making debt payment attractive. Rather, they are making it more attractive to accrue more debt. That is the single biggest hurdle that I see for the recovery of the economy and market....so, I don't know when, but I am sure it will.