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Strategies & Market Trends : Gorilla and King Portfolio Candidates

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To: Trio who wrote (47511)10/4/2001 7:22:13 PM
From: Bruce Brown  Read Replies (1) of 54805
 
People boiled like a frog in an eighth grade science lab on the way down. Has the last week been gradual? Though it's only one week and much in the economy and world are still murky, I strongly disagree with the premise that recovery will be over many quarters. I honestly am unable to decipher how to tell if recovery IS happening; however, I am continuing to invest regularly and remain fully invested. Though it's only been a week my portfolio has added 24, 30, 10, 13% in each of the four G's I've purchased.

Not to spoil any fun on those returns, but take a look at this in terms of 22 of the 27 largest one day advances on the Nasdaq in its history:

bearforum.com

21 days since the bubble top the Nasdaq has had 5% + moves to the upside - yet the index is down 70%.

Question: How many 5% + up days did the index have as it moved from 1357 to 5133 from 1998 to 2000?

Answer: only 1 day - which was the first day off of that October 8, 1998 low.

It will be interesting to see how it all plays out going forward.

BB
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