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Strategies & Market Trends : John Pitera's Market Laboratory
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To: John Madarasz who wrote (3971)6/4/2001 2:27:23 PM
From: John Pitera  Read Replies (1) of 33421
 
John .....great post.... a good article there on the K-Wave..... it's very possible that 1949 was the K wave low.

economists and most Market Professionals were very bearish after WW II and were looking for another
very severe downturn or even depression......... as it turned out the 1950's were a fantastic decade of
prosperity, rising stock market prices, and innovation. A very good point that David Stern has made
about the rise of innovation and technology breakthroughs after 1949.

John
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