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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (36330)	11/10/2000 5:01:49 PM
From: Perspective	Read Replies (1) \| Respond to of 436258

I'm sorry I've been AWOL lately. Missed a lot of fun! How 'bout that pretty close? Right on the lows - for the day, for the week, for the year. Yeah, that's bullish. <s> Resisting the urge to cover things here. I think we may finally get the positive feedback latching to the downside, and the type of activity necessary to finally begin eating into the ridiculous bullish consensus. NDX leading to the downside is NOT bullish here. What's your wave count look like? I think we've had a 1-2-1-2 combo, and it would make sense to have wave three launch on the breach of 3000 by COMP. The other count I have would place us in wave five of three down, with the last month representing a consolidative wave four rather than another wave two. Either way, all leading indicators and sentiment say - emphatically - the bear is nowhere near done yet. BTW, is anybody besides us actually calling it a "bear market" yet? Or are the brokers avoiding the b-word because a group of 30 stocks (DJIA) hasn't fallen enough yet? <g> BC

To: pater tenebrarum who wrote (36330)	11/10/2000 9:22:15 PM
From: BigBull	Read Replies (1) \| Respond to of 436258

some words of caution from sectors which haven't warned yet, especially the banks Does this count? biz.yahoo.com ``The biggest (concern) right now is credit,'' he said, speaking at the Security Industry Association's annual meeting in Florida. ``Credit losses have been going up...fairly consistently.'' More companies are defaulting on their high-yield debt, he said. While default levels aren't as high as they were in 1990, during the last recession, Dimon noted how different the economic environment is in 2000. ``The difference here is we're in a great market, and (high-yield default levels are) starting to go up,'' said Dimon, the former president of Citigroup Inc. (NYSE:C - news) who became Bank One's chairman and chief executive earlier this year.