Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (11925)	12/19/1997 4:01:00 PM
From: yard_man	Read Replies (1) \| Respond to of 18056

What, did you think we had entered a bear market or something? ;-) Wait till GTW approaches 40 then load da boat!

To: MythMan who wrote (11925)	12/19/1997 4:03:00 PM
From: Tommaso	Read Replies (1) \| Respond to of 18056

Well, I did look now and there's a little slippage towards the close, it appears. Just maybe on Monday morning some of the pension fund holders will pick up the phone and shift some of their stock money into money market or bonds. With mutual fund cash balances as low as they have ever been, a slight shift in sentiment could make a huge difference. There doesn't even have to be that much money changing hands--just an unwillingess to put more money into equities. Three straight weeks of outflows from equity funds could start a real cascade. But with an entire generation now investing who have never seen a really sickening and persistent decline, there are a lot of people who can't conceive of this Titanic as anything but unsinkable. But the 1969-1974 bear market took that long to completely unwind, and so may this one--especially without a Vietnam War tearing the country up. Right now we have all the classic signs--as some of us inveterate bears have said over and over--but a confirmed bear market is not yet here.