w1ld wrote:
] ] The low in August set the stage for an impressive advance
] ] that took many individual stocks to new highs," said
] ] Prudential analyst Ralph Acampora, who is convinced, he
] ] said, that market technicals are now setting the stage
] ] for a strong 2005.
] ]
] ]
] ] "Think about it for a second: All the leading market
] ] averages are entering the New Year at new highs," while
] ] all of the advance/decline lines are at all-time highs,
] ] he said. "This is a fully in-gear bull market."

or it could bottom out like it did in 2000! I think the latest swoon is the result of post election certainty. The tsunami withstanding, there hasn't been much jittery news lately. People in the US don't give a fuck about Iraq anymore since Bush has said that the elections will happen no matter what. The only nervousness has been around the sagging dollar it seems, which just makes foreign investments even more attractive at this point.

RE: Market Snapshot: Economic data to drive markets next week