Russell re >>#1,,what little i know ,,bull markets usually end with wild exuberance in the lower grade companies,,,it used to be the juniors or mining stocks,,,this time it may have been the techs....<<
I agree with you and used to say the same thing on the Big K thread. It is one of the things that causes me to believe that this is a correction within a bull-market.
The other thing though, is that we seem to see rotational corrections in which some sectors go into bear-markets without the overall market caving. I view this as healthy since it works off the excesses.
In 1983, the techs went thru the severe type of correction that we are seeing right now--but if one had bought quality stocks and held on to them one would have come out way ahead.
>>#2,,,the rapidity of the declines in the tech sector, coupled with an equal or even faster decline in the Asian markets,,,eg; south korea--10 year lows,,,10 years to get there,,,4 weeks to get back,,,<<
Tech stocks are high-beta stocks and most emerging markets are notorious for their severe volatility--both in terms of going up as well as down. But I do agree with you that it is stunning to see the type of declines that we have seen in some markets.
>>I shake every time I get long up here
Not sure whether you are serious about this remark--but I have found that anytime that I am wary of taking a position in the market the best thing to do is to stay clear. |
