Ep 162: David Saito-Chung: What Can The Fed Hikes Of 1994 Teach Us?
Investing With IBD
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How Cisco Survived a 50% Correction in the Market
When you've gone up triple quadruple quintuple you've earned the right to correct as much as 40 or 50% but it's very difficult to hold through that. Amgen was another example of a big long term winner it fell 60% during this 94 to 95 market correction so that's well more than two and a half times the normal corrections. Microsoft was actually the best among that small bunch of stocks it had formed a base on base pattern in which they show less of a decline from high to low.
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