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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?

To: Paul Shread who wrote (1338)	8/28/1998 12:17:00 PM
From: Tommaso	Respond to of 3339

>>>"Stoli for everyone." What does that mean? The Marketgauge indicators are running about nine bearish, four bullish, and 23 neutral. When they go to a net of about 17 bearish (so I think) we will be looking at a relentless bear market that could easily carry the Dow down to 4,000. When the Dow was about 7,000, some of the best long-term investors (Templeton, for example) were warning of a 40% drop--or rather, saying that historically such a thing had often happened. Trouble is, those indicators might not kick in until the Dow has already lost another 1,000 points. Wonder if anyone else on Wall Street Week has joined lonesome little Gail Dudack.

To: Paul Shread who wrote (1338)	8/28/1998 12:49:00 PM
From: Gwolf	Respond to of 3339

By the way Paul you may want to consider one other thing, small caps started a bear market in '70-'71 prior to the '73-'74 bear market. In 1974 they started a bull market 6 years before the bull market in '82. The small caps top first and start first, it's always the blue chips that start later and stay longer. The small caps are down 27% so far, that is a bear market by any measure. The blue chips are slowly breaking down, it usually takes a while, it doesn't happen all at once. Gwolf