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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host
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To: Alan Whirlwind who wrote (859)7/12/1997 12:50:00 PM
From: Mr. BSL   of 42834
 
Except for 1929, the worst bear markets are characterized
by slowly eroding prices. The panic or pile-on drops such as 1987,
last July and one October Friday in 1989 are quickly reversed. The
1973-74 bear wore people out of the market. The drop in gold since 1980 is
an example of an extreme bear that grinds people out. If the mother
of all bears is on the horizon, there will be plenty of time to get out IMHO.

duke60
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