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Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Zeev Hed who wrote (15566)	4/27/1998 8:59:00 PM
From: space cadet	Respond to of 18056

Zeev, I agree with your analysis. This is the pause that refreshes. We will correct here 5-10% (S&P 5%, Nas 10%) and then we're off to 10K again. I have noticed that ever since I started following the market, it seems to correct every 6 months approximately. If that continues to be the case, then the crunch may indeed come in Oct or Nov. Especially if the Democrats do the unthinkable and pull off a miracle upset and retake the house that could be the straw that breaks the camel. If the Demo's fail then I expect we will still see a more severe correction because of the roundness and magicalness of the number 10000. Still, I don't see any bottom till the baby boomers retire in about 10 years, when we could experience another years long crash. Till then these corrections are amazing buying opportunities for those of us (such as yours truly) who somehow missed out on the great bull market of the past twenty years... The only real fly in the ointment is the possibility of the Democrats retaking power. If they retake the house (which nobody gives them a chance to do) that might set them up for a sweep in 2000 and if they did sweep then I'm sure the market would have a very very tough time dealing with that. This interest rate scare will pass. Not much else on the horizon as of now that looks like it can dethrone this amazing bull market. Incidentally what do you or anyone else like here for shorting during this brief correction? I like AMD, GTW, HWP, and SPLN.