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To: Roads End who wrote (32322)9/4/1998 3:42:00 PM
From: Elwood P. Dowd  Respond to of 97611
 
Ron Insana stating that the Dow is now 20% off its all time high of 9300 that was achieved in July, thereby fulfilling the definition of a bear market. he did qualify his statement in saying that the decline had happened very rapidly for a bear market. I'm surprised that CNBC is not flashing a banner that says "BEAR MARKET." Jerry Favors says that 7400 is important, but that it is CRUCIAl that the Dow hold 69.33 El