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As I write this the market is down 200. Unless we get a high higher than the
March highs I will say that we needn't agrue about the condition of the
economy, it is weaker than it was. Today the NAS lost 1/2 of it's value at
the high. That is a crash in my book. Will the market continue to crash 1929
style? I don't know but I'd be very cautious. One rule I go by is that if I
have lost about 1/2 of my profits, get out. James may be right, or not but
he has the right to say it. The party may be near an end for whatever
reasons. After a crash they will always tell you why it happened, but never
before hand.
Prosper
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