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Technology Stocks : Semi-Equips - Buy when BLOOD is running in the streets! -- Ignore unavailable to you. Want to Upgrade?

To: Math Junkie who wrote (6416)	7/30/1998 1:06:00 AM
From: Gottfried	Read Replies (2) \| Respond to of 10921

Richard/all, "For Thousands of Stocks, Bear Market Is Here" July 30, 1998 By GREG IP and AARON LUCCHETTI Staff Reporters of THE WALL STREET JOURNAL For thousands of stocks, the bear market has already arrived. As of Tuesday night, the average New York Stock Exchange stock was down 24.3% from its 52-week high. That's the biggest such decline since 1990, the last official bear market, according to equity strategists at Salomon Smith Barney. (A bear market is typically defined as a 20% or greater decline in the Dow Jones Industrials.) More stocks have been making new lows than new highs most days since late May. On the Nasdaq Stock Market, the average stock has declined an even more dramatic 35%. Indeed, fully 30% of Big Board stocks and 51% of Nasdaq stocks are down 30% or more from their 52-week highs.[snip] subscribers interactive.wsj.com Suspicions confirmed. GM