[CANSLIM] Bear Rally?

From: "Duke Miller" <dukemill@tampabay.rr.com>
Subject: [CANSLIM] Bear Rally?
Date: Sat, 13 Apr 2002 12:35:01 -0400
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I don't want to start anything, but....since it's the weekend.
 
Did anybody notice in this morning's IBD a contradiction that begs the
question as to what kind of market we're in?  To wit:
 
Quoting from Investor's Corner, front page:  "Take the action of a few
S&P indexes since the market's Sept. 28 follow-through, signaling the
start of the current rally."  On the next page (A2) under the headline
"Investors fear profitless recovery," we read:  "Despite the long bear
market, stock valuations remain above historical norms and assume strong
profit growth going forward." (Italics are mine.)
 
I think I have the answer:  IBD relentlessly takes credit for calling
the last big market move south, so could it be they're posturing for the
next market direction?  Either way it goes, they can claim supremacy.  
 
Then again, maybe we should have a national election and let the
investor's decide.  I live in the district in Florida where Katherine
Harris is making a bid for Congress.  We could (as we did in the last
Presidential election) let her decide the ultimate winner!  Not that she
needs more publicity, what with all the hanging chads and so forth.
 
So what kind of market are we in, anyway?
 
Duke

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<DIV><SPAN class=3D404102216-13042002><FONT face=3DArial>I don't want to =
start=20
anything, but....since it's the weekend.</FONT></SPAN></DIV>
<DIV><SPAN class=3D404102216-13042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D404102216-13042002><FONT face=3DArial>Did anybody =
notice in this=20
morning's IBD a contradiction that begs the question as to what kind of =
market=20
we're in?&nbsp; To wit:</FONT></SPAN></DIV>
<DIV><SPAN class=3D404102216-13042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D404102216-13042002><FONT face=3DArial>Quoting from =
Investor's=20
Corner, front page:&nbsp; "Take the action of a few S&amp;P indexes =
since the=20
market's Sept. 28 follow-through, signaling the start of the <EM>current =

ra</EM>lly."&nbsp; On the next page (A2) under the headline "Investors =
fear=20
profitless recovery," we read:&nbsp; "Despite the long <EM>bear =
market</EM>,=20
stock valuations remain above historical norms and assume strong profit =
growth=20
going forward." (Italics are mine.)</FONT></SPAN></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><SPAN class=3D404102216-13042002><FONT face=3DArial>I think I have =
the=20
answer:&nbsp; IBD relentlessly takes credit for calling the last big =
market move=20
south, so could it be they're posturing for the next market =
direction?&nbsp;=20
Either way it goes, they can claim supremacy.&nbsp; </FONT></SPAN></DIV>
<DIV><SPAN class=3D404102216-13042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV align=3Dleft><SPAN class=3D404102216-13042002><FONT =
face=3DArial>Then again,=20
maybe we should have a national election and let the investor's =
decide.&nbsp; I=20
live in the district in Florida where Katherine Harris is making a bid =
for=20
Congress.&nbsp; We could (as we did in the last Presidential election) =
let her=20
decide the ultimate winner!&nbsp; Not that she needs more publicity, =
what with=20
all the hanging chads and so forth.</FONT></SPAN></DIV>
<DIV><FONT face=3DArial></FONT>&nbsp;</DIV>
<DIV><SPAN class=3D404102216-13042002><FONT face=3DArial>So what kind of =
market are=20
we in, anyway?</FONT></SPAN></DIV>
<DIV><SPAN class=3D404102216-13042002><FONT =
face=3DArial></FONT></SPAN>&nbsp;</DIV>
<DIV><SPAN class=3D404102216-13042002><FONT=20
face=3DArial>Duke</FONT></SPAN></DIV></BODY></HTML>

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