Bid,
It isn't required that you try to refute any and every opinion contrary to your own.
This forum is for discussion and the sharing of relevant ideas. There is no need to scold
or any other poster. (not that I feel scolded but some of your other responses were rather rude.)
I have my 1929 stock year-end guide in front of me. I hardly find the listings I am looking
today as comparable to 2001. Margin rates were different. Fed policy was different in many
respects. The economy was different. (no t.v.). Market hours were different. Volume was
different. Exchanges were different.
That is just the way I look at it. You can make the case they are the same and I accept that
to be your viewpoint. I just choose to disagree. I do not think the periods are comparable.
As far as the stealth bull market, you obviously owned no HSY, WMI, GD, LM, PNC, MEL,
SUB, MTB, WM, MO over the past 52 weeks. I have some or all of these over that period of
time.
I agree tech has been in a bear market that started last March. I hate being a MOTO
(master of the obvious).
The NYSE composite never had the same ramp thus they have not had the same decline and,
in fact, many have actually risen.
Best of luck.
Bob |
