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I believe this is an important point...the Fed has
made it very clear that it will do whatever is necessary to see that the bubble
is now allowed to collapse. Does this mean that stocks won't go down? No, in
fact I expect new lows in the NASDAQ and quite probably the SP500. But it does
mean that the easy money has probably been made on the short side, at least
until there is some real fear on the part of the public and fund managers. Given
the extent of the bullish sentiment and a market which has hardly fully
deflated, I expect things are going to remain very volatile accompanied by
constant sector rotation.
Earl
<BLOCKQUOTE
style="PADDING-RIGHT: 0px; PADDING-LEFT: 5px; MARGIN-LEFT: 5px; BORDER-LEFT: #000000 2px solid; MARGIN-RIGHT: 0px">
----- Original Message -----
<DIV
style="BACKGROUND: #e4e4e4; FONT: 10pt arial; font-color: black">From:
Alexander
Levitin
To: <A title=realtraders@xxxxxxxxxxxxxxx
href="mailto:realtraders@xxxxxxxxxxxxxxx";>realtraders@xxxxxxxxxxxxxxx
Sent: Thursday, February 15, 2001 12:11
PM
Subject: Re: [RT] Re: EWT thoughts
How many bear markets continue after Fed start
cut rates and did it twice in the row?
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