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To: stock bull who wrote (61605)8/27/1998 10:21:00 PM
From: Tweaker  Read Replies (3) | Respond to of 176387
 
>>if the correction gets to -20%, IMO we have entered in a bear market. <<

Maybe I am wrong but I see a bear (or Bull) market as something that is continuous. In other words, it continues to go down (or up).

I do not feel that a bear market is possible at this time. We have entered a new paradigm where people need to invest some money for their retirement because they are not going to receive any Social Security money. Where are they going to put this money. Interest rates are too low to make any difference.

There is a whole world out there that do not enjoy the products that we enjoy which makes for great business opportunities. We have just begun to grow.

Many of my stocks have dropped 20% only to revive later. This is not a bear market yet...it is just a scare. See you at 10,000 Dow.

Phil