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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED

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To: edamo who wrote (20604)11/29/2000 3:18:31 PM
From: jcky  Read Replies (1) of 65232
 
edamo,

I'm going to have to respectfully disagree with you on this point. The Nasdaq is clearly in a bear market. Since the Nasdaq peaked in Feb/Mar, the Nasdaq index has fallen nearly 50%. This is the worst Nasdaq percentage fall since the early 1970s.

Will the Dow fall 20% too? In my humble opinion, it's only merely a matter of time. Once the brokerage and financial sectors crumble then the rest of the market will follow. I may be wrong but this is my belief.

Regards,
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