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Strategies & Market Trends : Bill Wexler's Profits of DOOM -- Ignore unavailable to you. Want to Upgrade?

To: Bill Wexler who wrote (3412)	10/5/1998 9:37:00 PM
From: RockyBalboa	Read Replies (1) \| Respond to of 4634

Ok, so far. But there are comments (eg on Barrons, today) which see the things more complicated. So, a shortlived run may happen but soon to be followed by an even deeper fall: Message 5904133 "In fact, these losses are on a par with what history identifies as the Great Crash of 1929 -- which culminated in Black Thursday, October 29, of that fateful year. The damage in that first leg down was 44.7% as measured by the S&P (there was no Nasdaq until 1971). Not so well known is the fact that the market put together a very big rally after the crash, gaining 46.8% as measured by the S&P, in a five-month recovery that ran into March of 1930. After that the real toboggan ride would start, and by June 1932 the damage was a mind-numbing 86.2%." And what to buy? Way oversold stock with reasonable numbers or the nifty ones, which suvived the drop nearly unhurt? C.

To: Bill Wexler who wrote (3412)	10/5/1998 10:05:00 PM
From: Dante Sinferno	Read Replies (2) \| Respond to of 4634

<< signs of another 1929 scenario ahead!>> geocities.com Rob

To: Bill Wexler who wrote (3412)	10/6/1998 5:51:00 AM
From: valueminded	Read Replies (1) \| Respond to of 4634

Bill: <One of those little contrarian indicators I love so dearly...> Give me a break, We are not even close to having contrarian indicators yet. Contrarian indicators in a bear market are when your friends tell you they are pulling out / staying out of the market. Most of my aquantances say do not worry about it, whether they are in for the long (10+ years) or short (0-2 years). My aquantances say, the market always makes new highs and this "bear market" is almost over and we are ready to make new highs again. Short term predictions are tough but IMO, this market is toast. I will begin increasing long positions around DOW 5000-6000. In terms of the semiconductor industry, and believing in the equipment makers, I agree that there will be value there. I just prefer to get my first buyin at the muuuch lower prices which will be available.