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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?


To: wlheatmoon who wrote (47185)2/15/1999 12:54:00 PM
From: Skeeter Bug  Respond to of 132070
 
mkc, good points....



To: wlheatmoon who wrote (47185)2/15/1999 2:19:00 PM
From: Bonnie Bear  Read Replies (1) | Respond to of 132070
 
I looked at the new lows list...reits and utilities were hit...microcaps...energy...banks....a very odd list of profitable businesses, offering high dividends, selling at book value. and some foreign stocks...kinda like a list of stuff you'd want for your retirement. My gut tells me to quietly nibble at anything bashed the hardest now and next year, buy into terror and fear.
the stuff is easy to buy in closed-end income cefs, too..I don't lose sleep getting 8% dividends reinvested every month.



To: wlheatmoon who wrote (47185)2/15/1999 3:22:00 PM
From: Peter Singleton  Read Replies (1) | Respond to of 132070
 
Mike,

Thanks for flagging the NH/NL and A/D data from Friday. Yeah, I've been watching that too. The market internals have deteriorated markedly in the past couple of weeks, on top of the abysmal internals for the past few months. The Decisionpoint charts that folks have linked here are quite extraordinary.

My guess is we've tiptoed back into the beginning stages of a potential crash zone, where the planets are quietly lining up to enable a possible market crash near term. Since these things are exceptionally rare (really only two full on crashes this century), even when all the dominoes are lined up they probably still rarely fall. In any event, the risk factors may now be falling into place. As they did last fall (when of course no crash happened).

Is anyone following the MDA and Kahuna threads? I just don't have time to follow those closely, but I'm sure those folks are sifting through the market internals data closely, and have lots to say.

Peter