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February 22, 2005 My Near-Term Outlook Moves to a More Ominous "Red Alert" |
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Summary Based on what I assess as a serious, continuing technical deterioration, I have decided to raise my near-term outlook for the stock market to the status of "red alert." My risk/reward assessment of the market from current levels is there is much more of the former than of the latter. Therefore, if you are holding substandard cash reserves to weather the continuation of the secular bear market when it reasserts itself, this appears to be an excellent time to do something about it! http://www.gillespieresearch.com/cgi-bin/s/article/id=461
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Douglas R. Gillespie, Sr. Doug Gillespie oversees his own financial-market and economic consulting firm, Gillespie Research Associates. For a complimentary sample of Dougs material, e-mail him at drgillespiesr@aol.com. Copyright © 2004-2005 Gillespie Research Associates. All rights reserved. Image rendition and html coding Copyright © 2000-2009 SafeHaven.com ADVERTISEMENTS
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