Three Amigos Stock Thread Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Three Amigos Stock Thread

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Amigo Mike who wrote (9362)	10/9/1998 7:04:00 AM
From: ChrisJP	of 29382

>> Are we in a BEAR MARKET ????? << IMO, the DOW needs to descend to the same level down as the rest of the market before this is over. That means maybe down into the mid-6000s. Everything will drop with it, but not proportionally. Quality small caps (no debt, good earnings) will kick butt when the recovery begins. Everyone is predicting 6400 as the low for the DOW. IMO, unless the world-as-we-know-it comes to an end, we will not reach this level since it is the agreed upon bottom and no one want to be the one to sell at "the bottom". Also, another 1000 point drop all of a sudden brings valuation in line with historical norms (I think). Furthermore, lets say this slowdown is going to last for 18 months (severe). The stock market runs about 6 months ahead of the economy (which is why it is a leading economic indicator). The markets have officially sucked for 3 months (for some of us it has sucked since May). The stock market usually turns around at the bottom of the recession -- so I say we've got another 6 - 8 months of neutral to grim conditions. Just my thoughts, Chris

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next