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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: J. P. who wrote (19474)	8/23/1998 8:51:00 PM
From: Jerry Olson	Respond to of 50167

Hi JP Actually i predicted last week the market would retrace 50% from the lows/highs<g>...there was a technical rally in the offing, and still is... The "WAR" senario looked like a buying opportunity short term, for trading purposes only...it's simply my opinion with the slowing economy certain to come that corp profits will wane rather precipitously in the coming quarters... so my feeling is if true, No way we can go to "NEW" highs...can't happen!!! maybe after we clean out the excesses some what, and we return to a better outlook world wide, but not until then... again I don't see a BEAR market, but more of a "range bound one", that's certainly tradable... we will see huh???