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To: Les H who wrote (174298)	6/21/2002 10:41:46 AM
From: Petrol	Respond to of 436258

<<Mr. Roque says he believes it is correct to compare the Nasdaq's decline to that of the Dow in 1929-32 because both bear markets were preceded by a bubble. "We figure that's more than enough reason for us to be cautious, if not, bearish," he concluded.>> The title of that article is misleading - it's not a bear trap!

To: Les H who wrote (174298)	6/21/2002 10:55:13 AM
From: clochard	Respond to of 436258

Indexes are averages with limited meaning. If the average of all Nasdaq stocks goes into the dirt, it doesn't mean that all of them are bad. Some are good and others are shit. But if people want to use the index as a measure of their net worth (having bought an index fund for example) then they pay the price of simplicity.