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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Peter Yang who wrote (28592)	9/22/1998 4:22:00 PM
From: Investor2	Read Replies (2) \| Respond to of 94695

Re: "It doesn't seem we're in a bear market or even a market in correction. Yahoo made a new high today ..." Based on my portfolio, we definitely had a major correction. (Does that mean that I should have put all of my money into Yahoo?) Whether we are in a "bear market" depends on your definition of "bear market." I'm betting that we are in a "rolling bear market," where the various sectors take their turn at going through major declines, but the weakness doesn't hit all of the sectors simultaneously. Under this scenario, we will continue to see arguments as to whether we are in a bear market or not. Even when the weakness is gone, we will see debates as to whether it was a bear market. Best wishes, I2

To: Peter Yang who wrote (28592)	9/22/1998 6:23:00 PM
From: Jay8088	Read Replies (1) \| Respond to of 94695

YHOO making a new high may be the indication of sheer insanity of the present situation. Here we may be heading into a recession, with world financial market in turmoil, and emerging markets in depression, YHOO goes from 70 times revenue to 80 times revenue (or whatever the ridiculous valuation is)?? Why?? Because the stock is going up! No fundamental reason other than supply/demand for YHOO shares! We ARE in tulip mania, folks. And this one will also end very, very, very badly.