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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Teri Skogerboe who wrote (22330)	7/31/1998 3:07:00 PM
From: 16yearcycle	Respond to of 70976

1. Wall Street will look for confirmation from the economic data that rates will actually be raised. So, they will come close to getting "hit in the face," but are trying to duck in time. 2. Poor profits will cause a correction, not a bear market, imo. 3. Corrections mean less than 15% on the dow, but up to 22% on the nas, by my own definition. 4. Rates of ~10% on the bond would cause a 40-50% bear market. Again, it is easy to misread my conclusion. I will be surprised if no correction occurs during the rest of the year. I will also be surprised by a bear market.