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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
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To: Allan Harris who wrote (14212)6/5/2000 11:20:00 AM
From: Kirk ©  Read Replies (1) of 15132
 
RE: Not a bear.

1999 S&P500 goes up about 20%
1999 NASDAQ goes up about 85% (call it 84% to make math easy)

Beta is about 4.2 for NASDAQ index in 1999

2000 S&P500 corrects 10%
2000 NASDAQ corrects about 40% (39% I believe)
finance.yahoo.com^IXIC&d=3m

Heard some of the show this weekend and my favorite line was "you can call it whatever you want" when someone asked about calling this a bear market.

Of course, long term Beta is less than 4.2 but I would still look at it as a correction more than a bear market. Bear markets were what we saw in the Financial Services Sector that we seem to be exiting right about now (remember some of us were taking NASDAQ profits and rolling them into that sector.) Perhaps the 'nut correction is over too? Much damage done but the only one I bought last week is nearly a double already...
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