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To: Bill Harmond who wrote (130874)9/3/2001 12:14:43 AM
From: fedhead  Read Replies (3) | Respond to of 164684
 
I sure hope you are right. To me it feels like we have entered the final leg down on this bear, the leg where everyone finally throws in the towel. SUNW , CSCO, YHOO , JNPR all look like they could be single digit stocks. The SOX seem to weathering the storm rather well considering all
the earnings blow up.

Anindo



To: Bill Harmond who wrote (130874)9/3/2001 1:52:17 AM
From: GST  Read Replies (2) | Respond to of 164684
 
The divergence in breadth signaled the engorging of the bubble. Tech stocks sucked up all the money flows -- you do understand the dynamics of a bubble I assume. Look at housing, autos and retailing -- all of which have been humming right along. Look at unemployment at record low levels. You have the whole thing backwards. There have been slow areas in manufacturing, but that is more likely due to the strength of the dollar and the resulting trade imbalance. The economic trouble we are having now is direct fallout for the assinine investment in internet-related fluff stocks, not the last call on a recession made in other parts of the economy. The only relation to the AD line is that the bubble it pointed towards.



To: Bill Harmond who wrote (130874)9/4/2001 5:23:29 PM
From: craig crawford  Respond to of 164684
 
>> The bear market started in 1998. It ended in October of 2000 <<

and what proof do you have of this? the a/d line for the nyse may have stopped declining in october, but it is still far below the highs set in 1998 and still in a long-term downtrend. so just because it has improved recently doesn't mean it has reversed course for good. it could be considered just a bounce.

furthermore, the nasdaq is a different story. the a/d line is even weaker and one would be hard pressed to say that the type of stocks you own have ended their bear market. the type of stocks you own only started their bear market in jan or march of 2000.