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

To: ChrisJP who wrote (79684)	6/16/2002 7:31:43 PM
From: augieboo	Read Replies (3) \| Respond to of 99280

You know, everyone is so negative, you'd never know we have 5.8% unemployment, lol. Chris, I think you're confusing the economy with the financial markets. They are not the same thing! The economy, IMHO, is headed into the second dip of a mild recession. A year from now the recession will probably be history. The financial markets, (specifically, the stock markets), are still at the beginning of working off the excesses of the bubble via a bear market. A year from now, and probably three years from now, and quite possibly six years from now, and maybe even ten years from now, the bear market will still be with us. Eventually the bear will go into hibernation and a new bull will emerge. In the meantime, there will be plenty of opportunities to make money trading the short term bull markets within the bear context, but there is plenty of very rational reason to be negative about the markets.

To: ChrisJP who wrote (79684)	6/16/2002 8:20:30 PM
From: DebtBomb	Respond to of 99280

""go look at a chart of the DOW or S&P 500 from 1970 to 1980"" Those charts aren't post bubble with record high valuations. ""You know, everyone is so negative, you'd never know we have 5.8% unemployment, lol."" That's higher than Japan's. ""I'll bet if you looked at editorials from 1932, 1974, and 1982, I wonder how similar they sounded to the negativity being printed now."" This isn't 1932, 1974, or 1982. This is the new millennium, new ball game, new world, script not written yet, uncharted water. All in my opinion. ;-)