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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: Si_Detective who wrote (3388)	11/22/2000 3:40:29 PM
From: megazoo	Read Replies (1) \| Respond to of 57684

<This is no 1998> How can this be like 1998. The Naz in '98 was plainly in corrective mode. Inflation was nowhere in sight. Fear of deflation was the worry. The Naz breached bear territory briefly (-20%), but roared back quickly. There was no fear of higher interest rate (evidenced by a sudden interest-rate cut by the Feds in Nov '98). If anything, this is more like 1987, only a more prolonged and painful bear market. Even when/if Naz hits bottom at say 2500, it would be prudent to not buy too much until it retests its low (maybe around 3 months after the first low).