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.
Pastimes : The Justa & Lars Honors Bob Brinker Investment Club
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: marc ultra who wrote (358)8/28/1998 1:21:00 PM
From: marc ultra  Read Replies (5) of 15132
 
what Bob's take may be and where we stand.
From the peak of the market to about 8000 we have something around 14% at worse. If Bob decides that we remain in a bull market as expected then he may be willing to say by definition it looks like we are in an intermediate term correction rather than what originally looked like a short term correction. The only possible importance of this I think is that I recall once before when a short term correction threatened to turn into an intermediate correction I think he saw this as potentially very positive in the long run but I believe extending things out in time. One nice thing about today is the internet stocks continue to get hit hard which seemed to me important for the health of an ongoing bull market (apologies to holders of these stocks). One thing for sure that could pull this market out of its misery is a Fed rate cut which is becoming more likely by the day and is becoming sorely needed. When the market is not acting as expected I tend to worry that my expectations were wrong rather than try to contort reality to fit my prior expectations so while not panicky I am also not particularly sanguine about the outlook at this point.

Marc
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