guru
There is, of course, the possibility that everyone is wrong - that the three year bear was NOT the precursor to a Japanese style bear in Western markets. It is possible to interpret the waves as the bubble being wave 3 of a long bull run, the bear being wave 4, and a mega move upwards to massive new highs, reaching PEs unheard or undreamt of as the final blow out top. If so, this final bubble will not be finished until 2005/8. The lax monetary conditions in the US, coupled with the falling USD, could create a Weimar condition of untold prosperity and a bull run the likes of which will make 2000 look like a little blip. This IS possible. Please consult the stars and the planets - it will, in the end, be a painful adjustment, but one must be sure that we are actually at the end, and not simply the beginning of the end.