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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Jim S who wrote (8290)10/8/1998 4:58:00 PM
From: Shane Venem  Read Replies (1) of 42834
 
Re: minor correction. CNBC ran a some stats on how stocks have suffered in this bear market. They broke down the losses in increments of 10%. I can't remember them all, but I think I have the high and low pretty close:

47.5% of all stocks have suffered losses of 50% or more.
90%+ of all stocks have losses of 20% or more.

If that isn't a bear, what is? I like Brinker, but I think maybe it's time he called a spade a spade.

How about that DOW? Some strength there eh? Wish I could believe in it. I don't think the table can stand on one leg though.
Personally, I wish the DOW would get it over with and break down with the rest of the market legs. I think these Dow rallies are just going to prolong the agony.
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