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Old 09-08-2009, 04:22 PM
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Join Date: Nov 2003
Location: Tiki Island Texas
Posts: 1,049
Been a great rally - but now???

Been a great rally - but now??? You'll hear very little about PTJ, but learn - he's
very good.
Paul Tudor Jones' letter to invetors


Tudor said the 47 percent gain in the Standard & Poor’s 500 Index of the largest U.S. companies since March 9, when it fell to a 12-year low, is a “bear-market rally.” The index topped 1,000 for the first time in nine months this week after companies reported better-than-expected profits.

“Impressive counter-trend rallies are a feature, not an oddity, of secular bear markets,” Tudor said. “We are not inclined to aggressively chase the market here. Many doubts remain about the sustainability of this recovery, most prominently the weakness of household income growth.”
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85 Jeep CJ7
86 Chevy 6.2l diesel PU

"The object of life is not to be on the side of the majority, but to escape finding oneself in the ranks of the insane."
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