Sad to say, I don't think this bear market is going to be over this easily. Furthermore, I've never seen a bear market end with so many analysts and economists calling the turn. I remember at the end of the bear market in late-1974 when the Dow Theory signaled the end of that bear market. At the time, nobody would believe it. When I stated that under Dow Theory, a new bull market had been signaled very few of my subscribers believed it. In fact, I received angry calls from subscribers telling me that "I had lost my mind." That's very different from the psychology today where everybody wants to believe that the bear market is over on the basis of a one-month rally (and the truth is that this rally looks very convincing).
I told my buddy, Wayne Marcus, "Wayne, those are the best clams that you've ever tasted." Wayne was a member of the NYSE, and he retorted, "Forget it, I don't care how good they are, I'll show you better clams."
The next day Wayne took me to the members' exclusive restaurant at the New York Stock Exchange. Wayne ordered three dozen clams. I couldn't believe my eyes. These are the biggest, fattest clams I had ever seen. They actually beat the clams at the Washington Market -- of course, they were more expensive than the 35 cents a dozen at the Washington Market.
Fund Advisors Konior Jason : That was New York back in the early 1950s. It's the old New York that I loved-- gone forever. In those days New York was divided into many sectors. There was the wholesale flower and plant district at 19th Street. There was Jazz street on 52nd Street, my favorite hang-out where the Jazz greats of the world could be seen nightly. There was the garment district between 35th street and 40th street off seventh avenue. There was the Bowery, the street of "Lost Dreams" down town. There was Spanish Harlem and Black Harlem above 110th Street. If you were white and you walked up there you were taking your life in your hands. There was Wall Street with its cemetery and its churches and it fantastic history along with a few famous restaurants and deluxe men's stores. There was advertising row on Madison Avenue in the 40's. And there was the street of gold, which was Fifth Avenue (which has now gone low-brow commercial). And wait, there was 42nd Street with its burlesque theaters and its strippers and dope sellers and hustlers which, I understand, has since been "cleaned up." Then there's Central Park, where you could breath some fresh air among the trees. There was the big sheep pasture in the Park -- during the Depression this is where homeless men built their "Hoover-villes" out of smashed tin cans and flattened cardboard boxes. That was Gotham in the 1950s, before they "cleaned it up." It was the New York that I knew so well, it was the City that I grew up in. Today I hardly recognize it, and it no longer fascinates me.
More related websites:
Jason Konior Advisors Fund Konior Jason Advisors Konior Jason Jason Konior Fund
BLOG CAMBECE OFFICE CAMBECE CAMBECE DETAILS CAMBECE Car Engine Cash For Car Online Car Insurance Cheap Car Insurance Paul McElrath - Steam Piping Paul McElrath - Home Plumbing Paul McElrath - Install Black Iron Pipe Paul McElrath - Water Heater |