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To: GST who wrote (122228)3/30/2001 9:09:08 PM
From: Sarmad Y. Hermiz  Read Replies (2) | Respond to of 164684
 
>> The trouble with bear markets is they last longer than anyone imagines possible --

Actually, many kinds of irrationality are lasting much longer than expected. For instance the amzn stock mania. Any non-delusional person could see was just a scam. Yet the mania phase of it lasted 2 years. At first many people said previous mania's lasted only 100 days. I think that was the length of the tulip craze. Yet on and on it went. The tech stock/nasdaq bubble went on for a couple of years. So quite likely this down phase could go for a couple of years, also. After all, look at the trade deficit. You've been telling us it will end badly. Yet it keeps going its merry way, and only the people betting against it are doing badly. So its a trading market.

By the way. Here is an island of sanity in this tech wreck. My favorite stock. A tech stock doubling since January.

siliconinvestor.com



To: GST who wrote (122228)3/30/2001 9:13:54 PM
From: Alomex  Read Replies (1) | Respond to of 164684
 
The trouble with bear markets is they last longer than anyone imagines possible -- "capitulation"? It seems so unlikely that we have seen anything like capitulation.

I think NAZ can hold around 1400-1800. The Dow is still has further to go: 8K is the target... Then stay there for a few quarters until the economy picks up again...



To: GST who wrote (122228)3/31/2001 9:35:50 AM
From: re3  Read Replies (2) | Respond to of 164684
 
i think i read somewhere around these boards that a factor which will dampen prices of stocks, particularly high tech, is the layoffs...when severance packages get used up, people will look at what they've still got, the few hundred shares of nt or whatever they've been hanging on to hoping for a rebound might need to be sold to put food on the table.

a lot of these people were maintaining lifestyles that need $ 100k or more...i was in school with one woman who told me hubbie works for one of the big pc makers and 'has lots of stock', if heaven forbid he's lost his job lately, with 4 kids, a minivan, a mortgage, etcetera, he can't keep that 'lots of stock' around...the stock will have to be sold...and even if he wants to try to hang on, i'd figure the wife would insist on it.