AUTOHOME, Inc Message Board

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Technology Stocks : AUTOHOME, Inc

ATHM 23.21

-1.8%

3:59 PM EST

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To: ahhaha who wrote (7048)	3/28/1999 4:45:00 PM
From: E. Davies	Read Replies (1) of 29970

I love it when you say things I can follow... It is a very valid hypothesis that we have just started the topping process for a longer term bear market. Rising interest rates are a signal to me to beware. The huge runup in the major indexes since last summer also feels to me like a topping pattern, though I dont know if that applies to major market shifts or not, since I have never seen a major top. One thing that appears to me is that for now there is still money pouring into the market and it wants to go somewhere. Where it is going now is to stocks that cannot be "valued" so cant be "overvalued". When the re-assesment happens I wonder if the net stocks will be the last to fall rather than the first. I think that the gravitation away from "great expectations" could take many many months, or maybe not even until the expectations are either fulfilled or shown that they wont be fulfilled. Eric

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