Gst, good luck.
I'm still staying out of this tech wreak. Energy and Healthcare look good though.
>Today is the 10-year anniversary of stocks' bull market. If that's what we still can call it.
The surge in share prices since Oct. 11, 1990, the market's bottom after the plunge that followed Iraq's invasion of Kuwait, ushered in a period of breathtaking gains that have lifted major stock indexes at least 300%--and the Nasdaq composite index more than 800%.
Share ownership became a routine part of life for millions of Americans over the last decade, as their savings helped fuel the market's advance, lifting the total value of U.S. stocks from $3 trillion in 1990 to $13 trillion now. The profits generated by stocks' gains, in turn, helped drive the U.S. economy's growth.
But today's market is a fractured bull, at best. Indeed, with the tech-dominated Nasdaq down 36% from its March peak--including Tuesday's slide of 115.02 points, or 3.4%, to 3,240.54--some investors understandably question how anyone still can call this a bull market.
The classic definition of a bear market, after all, is a 20% or greater decline in major indexes.
"If this is a 'correction' in a bull market, I'd hate to see a bear market," said Stan Weinstein, an institutional newsletter writer. |
