PSFT - Fiscal 1998 - Discussion for the next year Message Board

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Technology Stocks : PSFT - Fiscal 1998 - Discussion for the next year

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Oct 29 5:00 PM EST

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To: Chuzzlewit who wrote (1978)	8/28/1998 3:38:00 PM
From: Eddie Kim	Read Replies (2) of 4509

>>Bear markets are associated with recessions. Take a look at Russia, Japan, Korea, Indonesia....is the US next? Why do you think investors are so nervous? Why do you think the market has already corrected over 10%. >>Further, there is no evidence to bolster your claim about that it takes ten years to recover from a bear market. Take a look at the historical data. It takes roughly 10 years for the market to recover. This of course does not even account for inflation. i just used 1970s to 1980s because it was the most recent. >>I believe that we are seeing a slow motion replay of the October 1987 "bear" market. So are you saying that in 10 years the DOW will be at 40,000? Maybe, but I doubt it. The last "correction" (not including the one were in now) was in 1990, i believe. The last bear market ended 1983..or was that 1982. PSFT down 10% today, and it down over 50% from its highs. Heck...even CPQ didn't do this bad.

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