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.

Gold/Mining/Energy : Gold Price Monitor -- Ignore unavailable to you. Want to Upgrade?

To: Crimson Ghost who wrote (59568)	10/9/2000 2:21:17 PM
From: Rarebird	Respond to of 117049

George, I've studied the history of Bear Markets in this country fairly extensively. The "second phase" that you speak of would need to close decisively below the intraday spring lows on the NAZ to qualify as a Bear Market. That has not occurred yet. So, I am assuming that you think the COMP will decline to the 2700-2800 level in this leg down. On the other hand, if you get a successful retest of the Spring lows during this month, then that could provide quite a springboard for a major rally in November, December and the first quarter of next year. Greenspan's stance in regard to monetary policy after the election is going to play a big factor here, along with how extensive the pressure on corporate earnings manifests itself moving forward. It is clear to me that the equity market is pricing in quite a slowdown in the coming months. Hasn't the stock market priced in 11 of the past 3 recessions already?