kip@proper.UUCP (Kip Quackenbush) (02/07/84)
What seems to be going on with the Market these days
Why the big sell off?
I can't beleive that fears of the deficit, higher
interest rates, and the like would drive it down this
far. O.K., analysts, here's your chance to sound like an
editor from Forbes.
Kip Quackenbush
{...}!inhp4!dual!proper!kipbill@utastro.UUCP (William H. Jefferys) (02/08/84)
As one wag has put it (Professor Samuelson, perhaps?)
the market has predicted 10 of the last 3 recessions.
--
Bill Jefferys 8-%
Astronomy Dept, University of Texas, Austin TX 78712 (USnail)
{ihnp4,kpno,ctvax}!ut-sally!utastro!bill (uucp)
utastro!bill@ut-ngp (ARPANET)rkp@drufl.UUCP (Pierce) (02/09/84)
I thought it was obvious why the market is declining. A football team that came from the old AFL won the Superbowl. Every year since the Superbowl started, whenever an original NFL team won, the stock market had a good year. Whenever an old AFL team won, the stock market has gone down. No joke!
davec@dciem.UUCP (Dave Cote) (02/13/84)
I believe it is the correction that was suppose to
happen about 6 months after the market took off in
August, 1982. I had given up on there ever being a
correction even though various 'experts' have, through
20/20 hindsight, identified a few minor ones.
Dave Cote
!utzoo!dciem!daveccmf@pegasus.UUCP (02/14/84)
Kip, Your fears are justified. Changes in economic conditions are usually perceived in the market 6 months before they begin to take effect. One of the best cycles to follow is the political cycle. It states that there will be a bull market during the last half of the presidential term and a bear market during the first 2 years. This is because there is always changes to industry (ie. tight credit, new taxes,etc) in the first 2 years in order to bring the economy back in line. The next(last) 2 years there is less restraint on industry and a desire to get reelected. With these 2 items of information, it seems very likely that there are jitters in the market. Chuck Fingerman pegasus!cmf