There's always someone predicting a 'crash'. Here ya go........

There's always someone predicting a 'crash'. Here ya go..... aren't ya glad you didn't listen to this guy......

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Extracts from The Gloom, Boom & Doom Report dated Feb 28 2003

In the latest "The Gloom, Boom & Doom Report" dated Feb 28, Dr Marc Faber's guest essay writer is Michael B O'Higgins of O'Higgins Asset Management Inc who has written numerous books, including "Beating the Dow" published 1990 and "Beating the Dow with Bonds" published 1999.

Mr O'Higgins said that while the vast majority of market strategists, money managers and investors appear quite confident that after three years in a row of stock market losses, the first time for over 60 years, the bear market is over, he says, "Unfortunately, quite the opposite is true. Because the major stock averages remain grossly overvalued and investor sentiment continues at levels of optimism normally coincident with market tops, it is likely that we will need to see much lower equity prices before the preconditions for a new bull market in stocks - that is low levels of valuation and high levels of pessimism - can be said to be in place".