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 : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Joshua Corbin who wrote (742)	11/17/2000 2:42:32 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Hi Joshua, I'm curious about your views on the inevitable bear bottoms. It strikes me that there is no inevitability to this at all. Quite the contrary, we can look back to April 17 and see the elevator shaft in prices of the high flyers, but that wasn't really the bottom. I wonder if we might just be in for an extended period of sideways movement rather than a decisive bottom. The stock market is skittish as can be, but the real economy, while slowing at the margins, isn't crumbling. So I can see that the only reason we might see a bottom any time soon would be a failure of will. Is this what you see coming up? Best, Ray

To: Joshua Corbin who wrote (742)	11/17/2000 3:42:37 PM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

I didn't call a bottom one way or the other. I'm not a bull. I'm not a bear. I'm just a guy. My point is that doom-and-bloom sensationalism tends to push people into disaster at the inevitable bear bottoms. By your line of logic you can't say anything about the market because someone might take the advice and lose money. You also can't tell people to go long because they might be buying on the market top or right before a collapse also. You can't say sell because it might be near a bottom. We might as well shut down SI and go home. Let me ask you this? Is a period in which earnings are slowing down, inventories are piling up, investment spending is shrinking, and we have record margin debt levels, 99% of analysts and brokers say buy, oil prices and energy are up, usually a good time to buy stocks? Sometimes we just have to use some common sense here.