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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Alan Bell who wrote (6681)	8/11/1998 1:06:00 PM
From: stock bull	Read Replies (1) \| Respond to of 42834

Alan, it seems to me that the important thing is the economics of the situation, and not the issue of a bear, bull, or correction. The economics will determine what type of market we have in the future. There's no doubt that Asia and Japan are in economic trouble, and there's no light at the end of the tunnel...forgetting about the train. The Asian and Japanese problems do affect our corporate earnings, and the problems many spread to the world's markets...much worse than we are now experiencing. So, given these facts, I ask the question...should anyone stay in the market, or go to cash and wait out the situation? Stock Bull

To: Alan Bell who wrote (6681)	8/11/1998 2:03:00 PM
From: HammerHead	Respond to of 42834

That's not what I heard on CNBC. Ralph said the market will correct 15-20% and down to 7600-7900. I'm not a fan of Ralph and don't intend to defend for him. The DOW has down sharply today, I'm baffling where the market will go from here.

To: Alan Bell who wrote (6681)	8/11/1998 3:59:00 PM
From: Math Junkie	Read Replies (1) \| Respond to of 42834

Re: "A bear market is a fundamental change in the direction of the market that lasts from 6 months to 2+ years." Ralph did not call for a bear market as defined above. In one of the interviews, he drew a distinction between a "cyclical" bear market, which he said was a decline of 20% which only lasts a few months and is followed by a continued bull trend, and a "secular" bear market, where the market declines 20% and stays down a long time. He said that what he was forecasting was a "cyclical" bear market. He was quite emphatic about the distinction. I think his terminology is different from Bob's, so it is important to be clear on what he actually said (in case it matters).