Top Out Parade

By: Bruce Stratton | Wed, May 24, 2000
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No one rings a bell to announce the top of the market. Recent downside action in the major indices is explained by the pundits to be a direct result of the FED aggressively raising interest rates. Balderdash! The FED is only accelerating a topping out process that started long ago. The Top Out Parade on Wall Street is now into its third year. Here are the dates:

The stellar performance of a handful of large cap stocks has masked the terrible performance of the majority of stocks. There will be many rallies in the future but the indices are unlikely to exceed old highs for many years.

The rallying cry "Buy the Dips" will soon change to "Sell the Blips".

Be careful!

For a graphic view of the mania, visit


Bruce Stratton

Author: Bruce Stratton

D. Bruce Stratton

Bruce Stratton is the founder of

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