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.

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

To: Bill Ounce who wrote (1987)	10/5/1998 12:35:00 PM
From: cAPSLOCK	Read Replies (4) \| Respond to of 3339

Of course if you have waited a year for the official bear market to come, you could at this rate have done better by simply setting fire to your money by the time you are ready to concede that it is indeed a bear market. I sold nearly all my long positions in July. I am not convinced this is over yet. I think it will get worse. BWDIK? cAPS

To: Bill Ounce who wrote (1987)	10/5/1998 12:50:00 PM
From: Barbara Barry	Respond to of 3339

Bill, This is an exerpt from Bill O'Neil's comments: " When the country is in real trouble, you tend to get corrections of 30%to 50% in the Dow industrials.That happened in 1937(a depression yar).1940-42 (start of WW2),1966,1969-70,1973-74 and 1977 (years of Vietnam, gold flowing out of the country,OPEC oil price increases,Soviet Union expansionism, rampant ingfation and 20% interest rates during the Carter era. When the basic conditions in America are not so bad, like in 1948-49,1953,1957,1960,1980,1982,1990 and probably in 1998, you get declines of around 17% to 27% off the peak. Strangely, many of these declines end in the fourth quarter of lthe year. Bear markets are normal and necessary and serve to clean up prior excesses. They also allow the market to create a whole new set of chart bases and leaders for the bull market that, in time, always follows. So never let yourself get discouraged or lose you conficence;or otherwise, you might miss the next Microsoft." Whew!That was a lot of typing for me!!!! I told you those stocks could dip 20%...I just didn't think they would almost hit it in one day...Did you see csco?<VBG> Regards, Barbara