Forum Archive Index - April 2000

["Ian Andrews" <iandrews@ihug.co.nz>]

Mike's making sense to me. No-one knows where individual rocks( read "stocks") may end up after a landslide - some may be halfway up the mountain & others on the valley floor.

 

One thing is certain from a reading of overall market indices & advance/decline lines, especially in the North & South American markets, & that is the markets are past their peaks and making lower highs & lower lows & we are in a bear phase. Bull markets traditionally do end when interest rates keep on rising.

 

There should be nothing startling about this development because it was entirely expected - no market in anything keeps going up & up;