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

To: Jeff who wrote (60035)	5/1/2002 10:16:03 PM
From: ChrisJP	Respond to of 99280

Hey Jeff -- how are ya ?? Good to see you posting on SI. As you can see this thread is not short of opinions, lol. For some reason, I think this bubble is worse than the 1973 - 1974 collapse but not so bad as the Great Depression. As long as unemployment stays below 6% - 6.5% I don't think people will be as desperate as they were in the 1930s. So I don't see stocks getting very undervalued. IMO so much individual stock ownership this time around is in non-margined 401K/IRA (out of sight, out of mind) vehicles, that we won't see the same grinding away that afflicted the 1930s NYSE. Don't get me wrong, there's still some more pain out there, but for now, I feel like the markets have bounced off of those Oct 1998 lows enough for them to be the market lows. I would still like to see the shorts cover, followed by little selling and even less buying. that's how these things always end -- lack of interest. I feel like we're getting there -- but I gotta admit, the heavy volume still stumps me. I sure wish we'd have 2 months of NASDAQ volume under 1B shares. then we'd know the bear market was over. Chris