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Strategies & Market Trends : P&S and STO Death Blow's -- Ignore unavailable to you. Want to Upgrade?

To: Win-Lose-Draw who wrote (22023)	1/3/2003 12:54:21 PM
From: LTK007	Respond to of 30712

yes but he said this October 2001 WAS equal to 1982 and believes a raging bull is at hand. At the beginning of 2001 he was calling for a target on DOW at 16000 for 2001. I fire back, we are going back to bear market evaluations BEFORE we go into another secular bull market. He will not entertain that notion. His longterm calls past 2 years have been as far wrong as you can get. Near-term and his CLX work, longterm he and JT think the 'da boyz" have absolute power, i say, NO!, it is only in the intermediate term they do, and with that in mind i think there will likely be a major intermediate term rally this year bigger than any rally since this down turn started BUT only if Iraq goes smoothly. Gallagher of Julius Baer, who has been making excellent calls for some time, sees a likely hood also of an over an 25-30% run in SPX this year but a EOY SPX of 800. Regards longterm, he and JT have been way off the mark. IF one were buying LTBH on da cheif's calls the past couple years you would have been annihilated. Plus, the fact is the BEST of those that go way back before 1987 in market experience. Templeton,Russell, Soros and Faber, are all secular bears now with bear market rallies coming and going within this loooongterm downtrend( there have been numerous strong rallies in Nikkei during their now 13 year bear market). Where he gets it is those that did not experience 1987 that are the bears, simply in NOT true, and that is a fact. Plus he will never confront that 1987 was largely a result of computers getting out of control, it was A GLITCH, and not a crash into a bear market and that is why a BEAR MARKET did not materialize. My rule, look under EVERY rug before making any sweeping statement Max