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Abbott Laboratories Message Board

  • snugly60031 snugly60031 Mar 16, 2004 12:24 AM Flag

    How do we know this is just correction?

    This could be the end of the cyclical bull market and resumption of the secular bear market, instead of just a correction in bull market. I don't have any idea. But if you recall during the painful years of the bear market, the pundits kept saying first, that the correction, then, that the bear market was about to end. It didn't until just about everyone was afraid to go back in the water. Now, just about everyone is ready to buy the dip produced by this correction. That may just mean this "correction" is going to be much longer and deeper than most now believe. I expect to see more reflex rallys, like last Friday, before this thing bottoms out.

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