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Bill - that is a good call....and I have to admit, it looks to be
playing-out right now almost perfectly....chop-chop-chop, side-ways for a
long, long while........
my position is that TECH must come back if it has any merit in the
future....
for improving efficiency or making the world a better place to live in.
Big Question: When ?
Bill Gates has invested little of that $40 billion in cash recently....and
that is OMINOUS...
and implies: there's nothing compelling in tech on the horizon.
> -----Original Message-----
> From: tradewynne [mailto:tradewynne@xxxxxxxxx]
> Sent: Friday, May 23, 2003 12:09 PM
> To: realtraders@xxxxxxxxxxxxxxx
> Subject: [RT] Re: VIX
>
>
> I've been saying for a while we could see a 1970s (HUGE <g>
> sideways) style bear market. I see it caught between the newbie
> wishin-an-hopin-get-rich-quick bulls of the 1990's, the old timer
> bears (Prechter etc) of the 1980's, and the newbie MASSIVELY BEARISH
> tech bears like Mark Simms.
>
> Sideways frustrates 'em all.... and gets that vix (and PEs) down too.
>
> --- In realtraders@xxxxxxxxxxxxxxx, "Ira" <mr.ira@xxxx> wrote:
> > During the 70s and 80s as well as the early 90s the vix had a range
> of about 10 to 18. Then Greenspan's over exuberance took over and we
> have had a range of 20 to 60. Could the vix be returning to the
> older volatility ranges. They seem to project into that area. Ira
>
>
>
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