I do expect another bottom this autumn; albeit considerably above the previous lows. A retrace of about half the recent rally
Thinking like a criminal, the boys will want to take the market down one more time so they can get a strong upmove in 2004. If the market remains at current elevated levels -- it will be very difficult to get much more traction in 2004 IMHO.
“The things that will destroy us are: politics without principle; pleasure without conscience; wealth without work; knowledge without character; business without morality; science without humanity; and worship without sacrifice.” Mahatma Gandhi