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.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Katherine Derbyshire who wrote (25135)	10/9/1998 4:53:00 PM
From: Gary Burton	Read Replies (1) \| Respond to of 70976

As a matter of interest, I just looked at Worden Bros' entire databank of stocks as of the close yesterday Oct 8. ---- On the NYSE, of all stocks above $5, approx 79% of them were below their 200dma, 71% were below their 40dma and 57% were down more than 30% from their 52 week high---------. On the NASDAQ, where only 55% of listed stocks are trading above $5, of this latter group only, 35% of them were down more than 50% and 75% of them were down at least 30%. (the Nasdaq Comp avg was down 29.6% at Oct 8 close)-----And some people still do not call this a bear mkt..------- Does the sharp move off the lows yesterday signal the end of the Bear? Frankly, I doubt it, although we may be awfully close on many of the deeply depressed ones who are not going out of business. Only 8% of all NASDAQ stocks above $3 were down more than 75% ----where the smaller semiequips lie.