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To: Always Right
Nice try. Boy you are obsessed with being "Always Right" aren't you? You must have someone look at that...

My contention is that I've NEVER outright predicted a Dow of 5000, and certainly not for a long period of time. Several of my quotes that you referenced are taken out of context but review them and you see that none of them stated that a Dow of 5000 is emminent. That was my point, I've made several predictions on this board and made many speculations but your assertion remains unproven.

"So are you denying you are not a doom and gloomer? "

Just because I think the stock market is overvalued and due to retreat does not make me a doom and gloomer...

"Are you denying you don't think the DOW is headed below 5,000?...Are you denying you haven't been posting this stuff for months and months? If I am wrong, what are you predicting then, or are you too afraid to tell us your doom and gloom forcast."

I've predicted 6500 and (once} 6000. In reality, I don't know where it's headed. If I did I'd be rich. In case you haden't noticed, I post a nightly (equities averse) market wrap-up. You are free to post your own version of reality (anything from CNBC should fit the bill), but don't assert that I've stated something that I've never said.

I have been betting, since January 2000, that the market is going down...I have made money on that bet and that is all that matters to me. I'm not getting into some silly ego-driven prediction battle with you.
43 posted on 10/30/2002 4:47:21 AM PST by rohry
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To: rohry
Just because I think the stock market is overvalued and due to retreat does not make me a doom and gloomer...

How many times have you posted that chart showing the 1929 stock market crash? How many times have you compared today with what happened during the Great Depression? I guess those comparisons show your optimism. You believe earnings are overstated, you blieve we must get down to a 13 PE ratio, but yet you are too afraid to say what that percisely means....well it means a sub-5000 DOW, there is no other way (unless you believe the economy is healthy and earning will grow, lol). You believe the market has to drop atleast another 35% or 'way down' as you usually say.

I have said for months and months the market will trade between 7500-10000 till well into next year. The breif period it did go below that range it immediately shot back up 1,000 points (one of the fastest 1,000 gains in the history of the market), or the exception that proved the rule. I state specific optimism, you state vague gloom and doom. You are not willing to predict anything specific, as far as time frames and ranges you believe.

44 posted on 10/30/2002 5:17:38 AM PST by Always Right
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