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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Demosthenes who wrote (342)8/27/1998 10:53:00 PM
From: Ken Brown  Read Replies (2) of 15132
 
If I recall from last weekend Bob said about a "Zero percent chance of bear market in 1998." And consider this: the average NYSE stock is down over 30% and the same for the NASDAQ is down over 40%.

D, doesn't that sound like a bit of a contradiction? If the average stock is down 30-40%, then why isn't that a bear market? Happily, the average mutual fund is not down anything close to that much. For that matter, neither is any index (including the Wilshire 5000). How can it be that the average stock is down that much then?

The main correction in this mkt is the large cap indexes, i.e., S&P and DJIA. Hmmm. Then why is it that almost all of my US equity mutual funds lost 3-4% today? They're definitely not all large cap funds.

Ken
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