The Black Box

[wahz]

These are just my opinions, Alex.

I think we have entered a cyclical bull market period that began last summer/fall. I think it may last for years, but it will be followed by much of what we have seen the last 3, so I don't think I can say that the bear market is over.

I think the nasdaq lows are in for many years.

Hope is not much of an issue with me.

IMHO, the technicals point to a long term bottom. IMHO, the fundamentals suggest the market has gotten cheap enough to not break to new lows.