Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : The Naked Truth - Big Kahuna a Myth -- Ignore unavailable to you. Want to Upgrade?

To: MythMan who wrote (5963)	9/14/1998 6:06:00 PM
From: yard_man	Read Replies (1) \| Respond to of 86076

Thought I'd whip 'em up a little more. Looks like the most important job of management is managing expectations these days: Message 5746741

To: MythMan who wrote (5963)	9/14/1998 7:29:00 PM
From: robnhood	Respond to of 86076

Msquared,, maybe this will cheer you up, and chill the jitters Message 5747163

To: MythMan who wrote (5963)	9/14/1998 8:50:00 PM
From: robnhood	Read Replies (1) \| Respond to of 86076

More prozac---- <<<<<Predictions of this bull's impending demise have been floating around literally for years. Right about now, you're wondering if the bear predictions are once more wrong again and you're missing out on the next big run-up. Well, a market decline is a hard thing to call to the day or week or month. As Mark Twain said, "October is a risky month for the stock market. So is May, December, February, June, March, September, April, July, August, January, and November." Relative to the Nikkei in its decline from it's bubble heights of 39,000 to its low of 16,000, before it's more recent decline to around 14,000, the DOW is now around 33,000. What will precipitate the real steady downward moves? Events that indicate that the US is not invincible. What drives the market up is confirmation of the illusion that the US is insulated from the world's problems. The taking of hits with a lower impact than expected increases confidence in this idea. The market dropped on Russia because of what the market was afraid might happen, but not much happened, so it went back up. The market soared on news of what Greenspan might do. The market dropped on what might happen because of the Starr report, and ran back up when it looked like not much will happen. Clinton has been found not-guilty in the court of the DOW. Asia has melted down, yet US corporate earnings seem on the whole uneffected. Latin America started to melt down, but it has recovered somewhat, and the US has said it'll jump in and help before things get out of hand. This all reinforces what the market badly wants to believe: there's not much to be afraid of. We're invincable. We're different. Better. The best. Nothing bad happened today. The market rose on the lack of bad news. From my reading on the topic, this is the nature of manias. The event that dispels the notion of invincibility has not yet ocurred and is not predictable. But it will. And the mass realization of the folly of the belief of invincibility will be nearly instantaneous. But no one can say when it will happen. -EJ>>>>>>>>>>>>>