I’m happy to report that the market turn we forecast in our September 30th letter, where we said we could see a bottom “in October 2002 or in a few months…” began on October 10, 2002. The rally has carried the Dow up almost 20% and many beaten down tech stocks bounced up 40-50%. Over the last few days a normal corrective phase has begun and should continue until 30-50% of the recent rally has been retraced. After this correction we expect the market to again move ahead. We are looking for a rising market over the next few . . .
Continue Reading: November 1, 2002
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