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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: Don England who wrote (199)	2/23/2001 8:00:05 PM
From: upanddown	Respond to of 23153

Don Can't believe the S&P 500 escaped "official" bear market status today. The 20% decline from the high is at 1242 and the index was 20-25 points below that most of the day only to close 3 points above the mark. For those who think that a giant grizzly has been sitting on Wall St's face cutting the cheese for some time now, au contraire. With the Dow down little more than 10% now, all we have is a mere correction. The average Dow stock is down more than 25% from their 52-week highs but the individual highs didn't all occur with the index high. The revenge of the Old Economy stocks like ALC BA CAT MMM MO have propped it up recently but I think the DJIA may be more vulnerable than the Naz. A 10000+ Dow is ridiculous in this economic environment. John