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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Terrapin who wrote (6418)3/23/1999 12:21:00 PM
From: jeffbas  Respond to of 78517
 
For what it is worth, I started in business in 1963. Therefore, I have seen most of the bear markets of substance in the last 50 years. I
must admit that my memory isn't quite as good as it used to be but
this feels a bit more like the late 60's than 1973-74.

At that time tech stocks like Digital Equipment were all the rage,
sort of the way the Internet stocks are now. I seem to recall that
from that point those kind of stocks did not make any progress for some years until the entire market crashed in 1973-74.

I sympathize with those not seeing a catalyst for a bear market now, including low inflation and low rates, and wonder if we might just have a very frustrating time ahead for anyone long or short, and better relative performance of the smaller companies.