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    Thoughts From the Frontline, April 2001

    Bear Market Rally

    April 27, 2001

    Have we seen the bottom? Is it onward and upward? As I start this e-letter, the S&P and DOW are trying to top their recent highs. Will the S&P go through the 1250 resistance level? Is my short trade in jeopardy? Is it time to become a bull?

    I will become bullish once again, but not yet, fellow traveler. While I cannot see around the Curve In The Road, I can read the warning signs. They keep telling us to watch out for bear traps.

    Bond Market Detectives

    April 23, 2001

    Thanks for all the kind emails about my stomach problems of last Friday. I felt much better this weekend, at least well enough to begin to actually help my beleaguered wife with our house move which will culminate this weekend. Now let's see if I can recover from the bad neck pains due to the whiplash the bond markets have been giving us the last few weeks.

    Bear Market Rally…Now What?

    April 12, 2001

    * I must correct an egregious typo in last week's letter. (And no, it was not my awkward use of prepositions.) I wrote: The economy will recover in the second quarter, and indeed it may be the 4th quarter before we see a turn-around. The software gremlins somehow removed the word NOT from that sentence. It should have read: The economy will *NOT* recover in the second quarter, and indeed it may be the 4th quarter before we see a turn-around.

    Big difference, and I apologize for that...

    How to Time Bonds

    April 6, 2001

    We are finally getting the bear market rally I have be writing about and hoping for. At least I think it is a bear market rally. Those who are buying this run must see something else Profiting From Greenspan and His Magic Rate Cuts: