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Pastimes : All Clowns Must Be Destroyed

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To: pater tenebrarum who wrote (33553)5/17/2000 8:12:00 PM
From: RocketMan  Read Replies (1) of 42523
 
The S&P Composite fell 86 percent between its top on Sept. 7, 1929, and its bottom on June 1, 1932, and this cumulative decline was the result of 365 up days and 431 down days.

This is an interesting and surprising statistic. There were 365 times when someone may have thought the bottom was in. And 431 times when someone may have bought the dip. It's important to recognize the long term trend in any market. Just as it's hard to be wrong buying into a bull market, it's hard to be right buying into a bear market. A bear market will even hand the monkey her head. And we're not in a bear market. The monkey's been getting killed this month, but year to date the monkey is still kicking the dow's and naz's asses.

monkeydex.com
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