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To: limtex who wrote (35150)11/21/2000 1:20:49 PM
From: Uncle Frank  Respond to of 54805
 
>> I don't think it is an exaggeration to say that the NAZ has crashed. The S&P maybe not.

If you narrow your definition of a bear market sufficiently, it will always be possible to find it, even in the midst of prosperity. The S&P consists of the 500 US companies with the largest market caps, and includes techs. I prefer to use it, since by construction it precludes sector rotations from being viewed as market crashes.

>> As far as being in the black is concerned well OK but there was Dec -Mar. We didn't imagine it. It was there and you give candy to a kid and then take it away........

We're far from being kids, L.

uf



To: limtex who wrote (35150)11/21/2000 3:47:59 PM
From: John F Beule  Respond to of 54805
 
From CNNFN: "As evidenced by the poor performance of Yahoo! stock, it appears the market is very nervous about a Yahoo! revenue miss in the fourth quarter and/or the first and second quarters, and in markets like these, one must always consider the self-fulfilling prophecy," Meeker said. " ... We handicap a miss at 30 percent."

Take Yahoo out of the picture for a minute:

She said: "always consider the self-fulfilling prophecy". So this is what she's making the big bucks for? To tell us that if everyone thinks it, it must be true!? This unfortunate quote says all too much of the hazards of this market. We are lemmings, and the analysts are the cliffs....if an analyst can create momentum up, they can (and will) create it on the way down. Analysts see the opportunity created by the political indecision to put the fear of God in the market.....I remember her saying less than a month ago we were at the bottom....hey Mary, if you can't beat 'em, join 'em...right?!

She (also) said: "We handicap a miss at 30 percent".

Now this is truly the emperor revealing her clothes...she's (as is all her cronies are)a bookie! I had a hunch....well... I was 50% sure....gimme $50 on red!

Point is, we should have been in a recession long ago. Had the dollar gone to the toilet, and our overhanging trade deficit taking center stage, but it didn't (or hasn't). We can all "predict" a WAG, but in the end, after all this indecision-infused crash is over, and the markets return in their less-than irrational pattern, the result will be very different than anyone's prediction.

Best,

John