Thoughts from the Frontline

Bear Market Rally…Now What?

By John Mauldin

April 12, 2001

A Walk Through the Economic Forest
How Low Can the Market Go?
Foreign Currency Monopoly Money
Investor Sentiment Says to Sell
What Should You Do This Week?
And more, of course!

* 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 confusion, and thank the many readers who pointed it out.

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 in their data than I do. Let me bluntly state my case as to what you should do.

A Walk Through the Economic Forest

This week will be a forest and trees e-letter. By that I mean, we are going to stroll through the economic landscape, looking at individual stories, and then we will step back and look and see what kind of forest we have wandered (or wondered?) through. We will see if we can get a clue as to the direction of the stock and bond markets. I should warn…

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