To: Berney who wrote (8267 ) 4/24/2000 8:16:00 AM From: MonsieurGonzo Read Replies (1) | Respond to
TB> Bear With Us...raw number of stocks is simply going sideways. (um, don't they always do that?)inflation and a ~6.5% risk-free yield , "going sideways" in equities is a -10% annual rate of kapital decay.real "Bear Market" is a relentlessly painful thing, far beyond the capability of short attention span post-sixties types to cope with without medication. I think of the SnP sto "rolling around in the dirt", as Paul puts it; occasional, violent rallies followed by Yet Another Disappointment.oil service sector stocks went through awhile back. Kinda like what BONDs have been going through for two years. So, agreed - not a Bear Market . I keep telling myself, "this is the soft landing: the made-for-suburban Americans, election-year stock market". Growth Market ? VFINX - Vanguard S&P500 Fund (because he can't buy SPY in a 401K - what a scam!) and he's been up, been down, been all around - and for all that over the last year and a half - he may as well be compounding $$$ at ~8% APR, playing with his wife. The "tech" stocks were his outlet and excuse for not being there : a rationale for ignoring the realities of the global economy and the Federal Reserve; a socially acceptable way to gamble without having to know what the hell business 'Inktomi' was in {grin}work , patooie, why I'd-a never left MayBelle back thar on the farm (^_^)
