SI
SI
discoversearch

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.
Pastimes : The Naked Truth - Big Kahuna a Myth
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: BGR who wrote (72191)10/27/1999 5:29:00 PM
From: pater tenebrarum  Read Replies (1) of 86076
 
BGR, you are wrongly assuming that the strategists concerned were all perma-bears giving bearish advice for years...that's simply not true. neither the guy from Merrill, nor Don Hays fall into that category (the two i can think of off the top of my head now). they were bullish for years, and correctly so. they only recently changed their opinion due to the market's crappy internals and the deterioration in the interest rate picture. and "lately" they were actually quite correct...you may not have noticed, but the market is well off it's highs, and the majority of stocks is clearly in a bear market. 75% of NYSE traded stocks are BELOW their 200-day moving average. consequently, the average buy and hold investor is losing money unless he happens to own the handful of stocks that have been going up. to invest in this handful now seems not a very good idea either, as they will probably fall hardest in the coming adjustment...it always happens when the market narrows like that.
the nifty fifty of '72 took 16 years to regain their 72 highs...their '29 equivalents took 25 years. some never recovered, and some don't exist anymore. anyway, as the a/d line proves, we are actually in a bear market...it's just not reflected in the major indices yet.

hb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News