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Technology Stocks : AUTOHOME, Inc
ATHM 23.43-2.1%Nov 26 3:59 PM EST
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To: E. Davies who wrote (14460)8/14/1999 11:42:00 AM
From: ahhaha  Read Replies (1) of 29970
 
Quite correct. You aren't hearing any crowing from the many in mutual funds who are under water and have been so since 4/98, the internal stock market top. The market breadth which has been one of the few worthwhile TA indicators has been seriously diverging from price for at least a year and longer depending upon how wide the stock inclusion. The NASDAQ breadth divergence has been unprecedented and has a beginning somewhere around 1984. CSCO is the COMPQX. The so-called bull market is IPO and big company, wild speculation and monopoly, courtesy of a permissive FED.

Meanwhile the press whips up the public into a speculative frenzy which is finally coming apart at the seams and exposing the ever-growing mass losses. People never talk about their losses nor their under performance so the charade continues. When this bear market rally is over the next leg down will start dismembering the big company stocks and so you'll hear the public say, "we might be in a bear market".
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