Altaba Inc. (formerly Yahoo) Message Board

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Technology Stocks : Altaba Inc. (formerly Yahoo)

AABA 19.63

0.0%

Nov 6 4:00 PM EST

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To: Mama Bear who wrote (5084)	12/27/1997 2:27:00 PM
From: Bill Harmond	Read Replies (2) of 27307

>>Who says they'll be overexposed? Here's my nightmare scenario: A 2,000 point correction in the Dow would have a profound impact on consumer spending, triggering a recession even for this economy...this while the ASEAN countries run factories full-tilt (literally to keep riots from happening) flooding the US market with low-priced goods. Americans' savings rate is at historical lows because most have been lulled into financial complacency by the bull market. At the same time Americans instalment debt has increased 50% in the last two years to record levels. 30% of American households have no savings. 50% of Americans over age 50 have less than $5,000 saved including retirement accounts. Of those who do have savings most is invested in common stock mutual funds...and well over half of that amount has only been exposed to a bull market. Trouble is we're likely not in a bull market any longer. The NYSE has had two lower cumulative breadth peaks (July, October, December), the tech indices are trading below their October minicrash closing lows, and the retail stocks have broken now. Thake a look at the two megaleaders Home Depot and Gap Stores.

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