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To: OtherChap who wrote (22244)10/19/1998 4:02:00 PM
From: Olu Emuleomo  Read Replies (2) | Respond to of 164684
 
A bear market takes pain.</.i>

OC,

The avg Nasdaq stock was down 45% (52% if you remove MSFT, CSCO, DELL and CSCO) asof 10/05/98.
If that's not a bear mkt, I wonder what is.
Let me remind you that DELL traded down to $40 3/4, on volume of 100million shares (AMZN was $80!!!)
If that's not capitulation, then I dont know what is!

--Olu E.



To: OtherChap who wrote (22244)10/19/1998 5:40:00 PM
From: Randy Ellingson  Read Replies (1) | Respond to of 164684
 
A bear market takes pain.

You mean, it's the bear market that giveth the pain, and a bull market that taketh the pain away. Unless you're on the short side.

I agree, buy and holds just had the gentlest bear market possible. many big names virtually unharmed, and the duration was very short. A real bear can last *many* months if not years. I'm too young to have dealt with one of those, but I've seen the historical charts!

Randy


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