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Technology Stocks : America On-Line (AOL)

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To: VBroady who wrote (28064)8/4/1999 7:45:00 AM
From: Rarebird  Read Replies (1) of 41369
 
The Dollar is Dying a Slow Death and so are US Equities and Bonds. All Rallies in these Markets are now a Major Opportunity to Sell. Lower Highs And Lower Lows; Repeated failed rallies: This is what the Bulls have to look forward to NOW. Frustration building upon Frustration. It is the early stages of a Bear Market. This is not the panic of last summer/fall. It is a slow grinding decline. The Bears are now playing with and challenging the Polyannas most deeply held Bullish beliefs: " I'll never sell my AOL." "AOL will recover and surge to new highs." Now will it? Are you sure?

The fact of the matter is that every 20 years or so, we get a major sea change in regard to these Markets:

1966-1982: Bull Market in commodities and a Bear Market in Stocks
1982-1999: Bear Market in commodities and a Bull Market in Stocks

A major inflection point may very well have been reached here again. Commodities have begun to rally very strongly here as the US stock and Bond Markets have become Bearish.

Nothing lasts forever. At some point in the cycle, these stocks do not come back for a very very long time. Ignoring History is one of the greatest errors of Mankind!
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