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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?


To: Mannie who wrote (1662)7/9/2002 11:04:16 AM
From: Jim Willie CB  Respond to of 89467
 
ALERT: shortage of HOPE in stock market, rally urgently needed
bear markets feed upon hope
many stock rallies climb the Wall of Worry
but this past year has seen investors descend the Wall of Hope

in recent weeks, hope has been dimishing
the stock market needs a fresh infusion of hope
this will bring in more fresh money from the deluded public
TrimTabs reports some hefty inflows last week
it was committed on Friday

bear markets feed on hope
a rally continuation to 9700-9800 or even 10,000 would help
then we would have enough momentum to come down into the 8000's cleanly

more hope needed to descend thru
that is how bears work
without more hope, this bear is stopped with quiet resting
/ jim



To: Mannie who wrote (1662)7/9/2002 10:49:33 PM
From: stockman_scott  Respond to of 89467
 
Does Buffett's buying into telecom indicate a bottom?

forbes.com