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


To: Gwolf who wrote (2164)10/15/1998 9:22:00 PM
From: bobby beara  Read Replies (1) | Respond to of 3339
 
....We never did see the type of capitulation that would signal a significant market bottom....

GWOLF, Don't agree, there has been mega bearishness lately as measured by record put/call ratios. A momentum bottom on 9/1, a price bottom on 10/8 (ignore dow)

Don't ignore the "Crash of 99" cover. The Bulls who ignored the "Married to the Bull" cover in April got their clocks cleaned.

This market is driven by technicals, liquidity and sentiment, you have to filter out a lot of the fundamental stuff.

We have been in a worldwide bear market since the Reds took over Hong Kong - bet your booty we are in for a bear market rally.

I believe the run from January to April was a bear market rally, as was the top in July. Don't underestimate greater foolishness.

bb



To: Gwolf who wrote (2164)10/15/1998 9:25:00 PM
From: Mark Bartlett  Respond to of 3339
 
Gwolf,

<< Until you see true loathing by the public for stocks this is not a bear market bottom. Beware of Bear market rallies and good luck to all.>>

I think you are right on here ... good post. The worst is yet to come.

MB



To: Gwolf who wrote (2164)10/15/1998 11:31:00 PM
From: AHale  Read Replies (1) | Respond to of 3339
 
Right on brother. Things are gonna get much worse.



To: Gwolf who wrote (2164)10/16/1998 10:07:00 AM
From: Tommaso  Read Replies (1) | Respond to of 3339
 
I think that you are correct; all my positions are based on conclusions similar to yours. It would have been better if the Fed and the banking system in general had acted sooner--like over five years ago--to prevent the speculative mania that developed, but now that it's here all one can do is to try to prosper in spite of the inevitable bust.