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Strategies & Market Trends : The Stock Market Bubble

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To: Dale Baker who wrote (3126)5/5/2000 7:57:00 AM
From: Tommaso  Read Replies (1) of 3339
 
Now wait. You are saying that there was a panic but that there was bo panic.

I say, there was no panic, and there was no panic. That's typical in earlier stages of a bear market. Indeed, people keep coming on in as the market declines, thinking that they are getting "bargains."

But when the great majority of stockholders decide that the main trend of the market is down, it is impossible for them all to sell at once.

The only stocks I think are worth holding (other than some golds as an anti-inflation speculation)now are oil stocks, and I am not sure that they would hold up in a general decline, even with the price of oil very high.
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