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I'm counting on a bear market rally... to be followed by continued
declines when the following events manifest themselves:
1) Downward revision of last quarter's GDP numbers.
2) Consumer spending turns down
3) Housing market turns down
Wall Street has set up the general public for a massive fleecing,
but then anyone who is still listening to CNBC and other market
pundits at this late date deserves to get his head chopped off.
The good news is that our ECONOMY is in ok shape... its
corporate PROFITS that suck and I am endlessly amuzed at how
many analysts and market watchers are blaming the Fed for what
was created by corporate America.
Hey IMHO. I know some of you will disagree.
-- John
-----Original Message-----
From: Ira Tunik [mailto:irat@xxxxxxxxx]
Sent: Wednesday, August 22, 2001 8:18 AM
To: realtraders@xxxxxxxxxxxxxxx
Subject: Re: [RT] sentiment
the Japanese market. A 1987 type recovery, I don't think will happen. A
nice
bear market rally would help or maybe a short squeeze of some proportion.
Just
my thoughts. Ira.
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