SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Amazon.com, Inc. (AMZN)
AMZN 221.70-0.4%1:14 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lizzie Tudor who wrote (150605)12/7/2002 12:08:13 PM
From: Victor Lazlo  Read Replies (1) of 164684
 
Lizzie, I believe the definition of a bear mkt is a market index declining 20% or more from it's previous high. 10-19% is a correction. (and a 10-20% increase is a mistake that has to be 'corrected' ha ha! )

800 sounds pretty drastic to me. Is that from the pretcher/ellliot wave crowd? Oh sorry, i forgot, the EW 'experts' can never even agree with each other on what's going to happen next! <gg>

I do think we'll see a pullback soon somewhere in the 10 - 15% range because:

There's going to be a war in Iraq.
Fund mgrs and other money mgrs have chased the tech and other stocks higher just to keep pace with the mkt indices, not because they believe these co's are good values;
In just about every industry sector there is substantial overcapacity so nobody can raise prices;
Corporate cost-cutting potential has likely been exhausted by now;
This recent rally has priced in the good econ reports we've had lately;
This recent rally has not priced in the increasing unemployment rate;
I think holiday spending is going to be on the low side;
Personal debt is at record levels as are home mortgage delinquicies and foreclosures.
Some more corporate debt landmines are out there as well as a few valuation bubbles, incl AMZN

So there's my wall of worry that the market can climb up!

All other things being equal, which they never are, if not for the iraq situation, i'd be a lot more optimsitc. The stock mkt does have incredible resiliency.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News