the nice thing for gloom and doomers, is the fact that there will ALWAYS be lots of "reasons" to be negative about this or that, the economy, corporate america, global crises, wars, natural disasters, etc, etc, etc, etc...........if y2k doesnt a disaster make, then move on to the next one. if the central banks dont go bankrupt in january 2002, move on to the next one. if japan doesnt liquidate all its u.s. equities and crash the market, move on to the next one. if pakistan and india dont go nuclear after all, move on to the next one. OH, worldcom, and volatile markets....the perfect time for another dose of gloom and doom!
the so-called economic "recovery."
well, its not so-called, its a fact. you see, economic recession and economic recovery are calculated terms, not just nonsense as yk would have us believe. click here for a respite from the negative news that yk tosses around to serve his scare tactics >>> http://money.cnn.com/2002/06/27/news/economy/economy/index.htm
Each day brings new revelations of massive corporate fraud that has resulted in billions of dollars being lost by investors.
and each new corporate fraud exposed brings us one step closer to a new form of corporate accounting regulation that in the long haul will only make our economy that much stronger.
, the world markets are, again, melting like an ice cream cone in July.
melting? ah, thats a bit of an exaggeration isnt it? of course, this is coming from the same poster who tried to convince us that the market action last september was the onset of a major crash........and instead the market rallied (as it always does) some 2000+ points.
Now, though, confidence in the game is lost
dont you know thats when bottoms are set into place? surely yk, with all your vast knowledge of the markets, you realize that when there is nothing but bad news, no buyers, and the last remaining investors decide its time to throw in the towel, this is where market bottoms are made. we do not have a definite bottom set in place as of yet.....the dow could drop to 5000 and it wouldnt surprise me one bit. history shows though, that when everyone decides its time to give up on the market, thats when the real bulls start to run again. of course, this time is different, right? of course it is, lol. and if the market rallies this year, and overcomes the negative news its staring at right now....then just move on to the next one.
aa
Edited by - dubla on 27 June 2002 13:33:29