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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Haim R. Branisteanu who wrote (39559)	2/10/2000 1:10:00 AM
From: Jacob Snyder	Read Replies (1) of 99985

re: Is there any explanation to it?? The explanation is that we have been in a bear market since April 1998, and only the repeated doubling of YHOO and INTC has masked this fact. Most stocks in most industries, even the quality stocks, are below their 1998 or 1999 highs. I've been sniffing around for value stocks, and there is an immense amount of frustration and despair among stockholders. They keep saying, "I don't understand it, the company is well-run, makes higher profits every quarter, the balance sheet looks good, and the stock keeps going down." I wasn't around then, but, from what I've read, that was what it was like in 1973-1974.

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