Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: HairBall who wrote (55132)	6/23/2000 4:15:00 PM
From: Tunica Albuginea	Respond to of 99985

LG and Stcgg, I believe in the back of our minds we should remember that this market is not the same market we've had in the last 9 years. Thus the rules that guided us in the past may not apply now. Unfortunately, as Richard Russell mentioned ( in the Oracle of Dow piece ): Message 13861774 Q: Why do you suppose most investors either don't see or won't admit that we're in a bear market? A: In a recent issue of Dow Theory Letters, I quoted something Charles Dow wrote around 1902...... about the sheer human and economic drama the stock market represents, and why most people are slow to recognize change: "There is always a disposition in people's minds to think that existing conditions will be permanent. When the market is down and dull, it is hard to make people believe this is the prelude to a period of activity and advance When prices are up and the country is prosperous, it is always said that while preceding booms have not lasted, there are circumstances connected with this one which [are] unlike its predecessors and give assurance of permanency. The one fact pertaining to all conditions is that they will change." ----------------------- The key here is where is the bottom? Answer: nobody knows. Or, as Groucho used to say it's hard to reach an old dog new tricks, regards TA ====================================================================================================== To: LG who started this subject From: Stcgg Friday, Jun 23, 2000 4:10 PM ET Reply # of 55135 Bear Market - Phase II this time around? When is the obvious time when most people accept this Bear? I think during this earnings season - When they see that revenues are slowing and earnings going forward will be sliced.. The Nasdaq will be the obvious big loser, with it's lofty valuations.. Last quarter (March), ended the month and quarter down, the fund mgrs tried to up the June quarter but have again failed.. We made the left shoulder this month, lower highs on most Nasdaq stocks.. It's pathetic that stocks are now rallying on having secured loans, that were running out of cash.. Do you think rates might hurt this situation further? What will it take to bring investors out of this denial phase? The Abyss of the Armageddon must show it's ugly face during this earnings season I think.. If it does, we're in for a horrendous Wave 3 down from the March highs in the Dung.. >><<