WDC/Sandisk Corporation Message Board

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Technology Stocks : WDC/Sandisk Corporation

WDC 162.40

+2.9%

Nov 17 3:59 PM EST

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To: TREND1 who wrote (16887)	11/30/2000 9:57:22 AM
From: Art Bechhoefer	Read Replies (3) of 60323

It's not a bear market, not a bull market, but a chicken market. Everybody is too scared to buy anything! Bear markets typically occur when you have a combination of inflation, recession, economic weakness worldwide, and a variety of political factors (e.g., war or the threat of war) draining consumer confidence and restricting consumer spending. Despite the beliefs of more conservative investors, we don't have a tax rate that is all that high, and certainly not one which is confiscatory. We don't have an economy on the point of collapse, nor do we have external political problems that entail huge emergency expenditures, such as a war. So where's the basis for a bear market. It's all in one's head. Art

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