There is as much doom and gloom craziness here to make the environmental wackos look sane. The markets are currently fairly valued and most economic data looks decent. As I have been saying for over seven months now, the markets are going nowhere until around spring. At that point, we will probably be ready for a bull market where we will probably run up to about 11,000-12,000 range by the end of next year. There is no way we are going to 5,000 short of some terrorist disaster. Everyone here has been predicting this 5000 DOW BS for over a year now and it hasn't happened. Give it up.
The first quarter of '03 is going to be a very bad period for the markets. They will be much much lower than they are now. If you are long, use any year end rally to sell.
Richard W.