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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: russwinter who wrote (871)	9/19/2003 2:41:39 PM
From: yard_man	Respond to of 110194

funny you should mention this >>Here's another big bear sounding a bit shaken. Also notice that Prudent Bear (which I've just started using for some the accounts I handle) was only down 3 cents to 6.50 during yesterday short seller bloodbath (I lost more than 1/2% yesterday on my short trusts me). That's suggests they too may be getting cute, and will miss the turn, which I still think could be pretty profound<< I was also looking at this yesterday and wondered how they did so well as gold wasn't up. (got in my 401k)

To: russwinter who wrote (871)	9/19/2003 3:47:38 PM
From: austrieconomist	Read Replies (2) \| Respond to of 110194

Bears based upon fundamentals are making serious mistakes. Market action can often fly in the face of fundamentals, as it is now doing and as it has done for eleven months. It is important also to pay attention to market psychology and technical factors, breadth, divergences, and the like. I cannot do this analysis myself but I have developed a list of "gurus" who are usually right more often than not. And when every one of them is thinking the same way, I get very confident in the opinion that they collectively express. The group I follow includes John Hussman (the best), Richard Russell, Ned Davis, James Stack, and Lowry's Research. They all say that the market wants to go up and they have been saying that since late March.