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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?


To: Rarebird who wrote (2918)7/13/1998 7:08:00 AM
From: Arik T.G.  Respond to of 5676
 
Rarebird welcome back,

I give this market just few more weeks to the top, and guess the beginning of the major decline to be the 1st trading day of September.

The internet craze, giving companies without any history or future of profits market caps in the Billions is a sign.

The dozen big caps that pull the indices higher is a sign.

The worsening economic data (inventories buildup, NAPM under 50) ignored, and no authority calling for caution (Irrational exuberance) anymore.

Mutual funds cash level 4.3%(!). This spells crash and burn.
marketgauge.com

>the grand finale to this bull market!

And to many other things thought to be constants, just because they were stable while the bull charged.

ATG