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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: mishedlo who wrote (15844)	1/20/2003 1:03:57 PM
From: Terry Whitman	Read Replies (3) \| Respond to of 19219

Yes- it always makes me a little nervous to be long when the surveys are bullish. I'm just not finding that same attitude amongst my friends, relatives and coworkers, however. They are quite the opposite- A few are neutral at best- but many are now bitter and untrusting of the market.

To: mishedlo who wrote (15844)	1/20/2003 1:06:44 PM
From: yard_man	Respond to of 19219

yes, I agree and I would add I am not bullish on the start or even a quick resolution of the "war." Either one brings focus back to economy after the initial excitement and the only foundation for expansion is "fiscal stimulus" and "cost-cutting" by corporations or expanded expenditures for further consumption. Fiscal stimulus simply crowds out the commitment of resources to real economic, non-war use. Cost-cutting for the individual corp ala INTC in the macro sense is death to the economy. Increased consumption -- if it could be stimulated -- is likewise something that will just make things falter faster than they would otherwise. Magner is right -- there is no BULL case. I'll wait until everyone agrees there there NEVER will be a BULL case again -- that's when you buy.

To: mishedlo who wrote (15844)	1/20/2003 4:21:59 PM
From: Square_Dealings	Read Replies (1) \| Respond to of 19219

Market Simply Undergoing "Healthy Correction" Until Devastating Freefall January 20, 2003 New York, N.Y.- Despite the sharp downturn in the stock market, economic and financial experts today advised investors to remain calm and continue to hold on for the long-term, which they said would end abruptly next Tuesday when a market panic wipes out 90 percent of the world's wealth. "I realize things look a little dodgy right now, but this is no time for people to lose their cool," said U.S. Treasury Secretary (vacant). "God knows there will be plenty of time for that on Tuesday, when everything you've worked for vanishes in a matter of seconds." The U.S. economy looks set to rebound by the second quarter, "unless next Tuesday comes first, which I'm afraid it will." said Merrill Lynch analyst Pamela Green. "For the risk-averse, we particularly like defensive plays, such as aerospace and health care, which we believe will hold up well prior to collapsing entirely at 10:42 a.m. EST."