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Pastimes : The Justa and Lars Honors Bob Brinker Investment Club Thread
VTI 342.03+0.4%Jan 26 4:00 PM EST

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To: marc ultra who wrote (1408)9/8/2001 4:25:16 PM
From: sea_biscuit  Read Replies (1) of 10065
 
While a final bottom is possible, given valuation and such the final bottom leading to a cyclical bull might not occur until 2002...

Don't you think that a bottom that leads to a cyclical bull has to be at a really, really low level? Like 650-700 on the S&P and 5000 on the Dow? (And possibly 800 on the Nasdaq and 600 on the Nasdaq 100, i.e. corresponding to a QQQ of 15)

My guess is that the powers-that-be will not let it happen. So we will end up with a secular bear with a few cyclical bulls thrown in. It will be so much like 1966-1982. Even with respect to inflation...

Hopefully. We better have 5% or so inflation, or else, nobody -- individuals or corporations, will be able to repay their massive debts. The only way they can repay is with inflated dollars.
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