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

To: mishedlo who wrote (37052)	7/27/2005 12:20:02 AM
From: bcrafty	Respond to of 110194

mish, that 40,000 prediction is hard for me to swallow also. And no, he didn't say what his prediction would be if Dow 9500 came first, only that it would "cause us to reconsider our forecasts near term." As far as your comment "40,000 unless we see 9500 first - what kind of prediction is that anyway?" I can only guess that he was basing it on his Dow "channel" in chart #21, but IMO he's really not clear on how he comes about that prediction. BTW, I'm not defending any of his views, and I disagree with many of his statements, chart interpretations, explanations, and how he reaches his conclusions (as I'm sure you do). I only presented the piece for discussion when someone asked what the next bubble would be after housing. Personally I favor gold or oil as the next immediate bubbles after housing, but I think such discussions are way premature; we haven't even pricked the real estate bubble yet, so why start looking for the next bubble already?