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Gold/Mining/Energy : Precious and Base Metal Investing -- Ignore unavailable to you. Want to Upgrade?

To: Little Joe who wrote (13558)	7/8/2003 7:54:11 AM
From: austrieconomist	Read Replies (2) \| Respond to of 39344

Market cracking soon? I wouldn't count on it. The fundamentals are lousy but the Lowry's index with Selling Pressure very low indicates that there is no desire by market participants to get out of stocks. Why might that be? Sell stocks with low yield and get into money market yielding less --- not a desirable alternative. Bonds --- shown the last month not to be a desirable alternative. People at this stage of the cycle are holding because of the absence of alternatives and the low perceived risk of being in stocks (look at VIX). I am very comfortable in recommending that you look to Hussman (free) for guidance when risk might creep back into the market. When he switches back into his hedges for his fund (HSGFX) might be a good time to think about the market cracking. I also follow Russell, Stack and Ned Davis for guidance (all positive for the moment, despite the lack of values) but they can't be followed for free (although there are many free posts about Russell so you can pretty much get his thoughts for free)