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Strategies & Market Trends : Waiting for the big Kahuna
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To: Peter Yang who wrote (28592)9/22/1998 4:22:00 PM
From: Investor2  Read Replies (2) of 94695
 
Re: "It doesn't seem we're in a bear market or even a market in correction. Yahoo made a new high today ..."

Based on my portfolio, we definitely had a major correction. (Does that mean that I should have put all of my money into Yahoo?) Whether we are in a "bear market" depends on your definition of "bear market." I'm betting that we are in a "rolling bear market," where the various sectors take their turn at going through major declines, but the weakness doesn't hit all of the sectors simultaneously. Under this scenario, we will continue to see arguments as to whether we are in a bear market or not. Even when the weakness is gone, we will see debates as to whether it was a bear market.

Best wishes,

I2

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