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Strategies & Market Trends : Galapagos Islands -- Ignore unavailable to you. Want to Upgrade?

To: Lazarus_Long who wrote (42900)	6/25/2003 3:19:31 PM
From: Oral Roberts	Read Replies (2) \| Respond to of 57110

I agree on the money needing a new home and a new bubble. I also think especially in techville that the excess's have not been allowed to be wrung out due to low rates. Companies that should have failed by now or been bought out have hung on by refinancing, etc. I have many more thoughts on this but suffice it to say that I agree with you, they are having an effect and it's not a good one. In fact this pumped up market is a disaster looking for a place to happen IMO as are the banks and real estate. But enough of that as I have been confusing myself through out this rally by saying FA says this rally is bullshit and over the very long term it is. But in the here and now it is meaningless and the trend should have been my friend. I think that uptrend has been damaged and the high may have been made but we can make that decision after we see what our next rally looks like.