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.

Strategies & Market Trends : Bear! -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (71)	5/15/1998 8:30:00 PM
From: Michael Burry	Read Replies (4) \| Respond to of 271

For the first time in this bull market, I'm seeing a loss of leadership - the most powerful stocks are falling out of proportion to the indexes, and on high volumes (Dell down 5% on 30 mill shares.) Previously, I had been frustrated at the "sticky" prices of some of these leaders even when the market had fallen. Bear on the horizon? It's getting closer. Looking at Dell as an example, it can easily fall 50% and still be overvalued. Same goes for Coke and Gillette. This will be interesting. The recent "Cancer" rally in biotechs had to be the ultimate in blow-off speculation. Not only the truly innovative biotechs but also the old-tech anti-mitotic biotechs ran. The Prudent Bear Fund may finally have its day. Anyone shorting stocks? Good investing, Mike