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Strategies & Market Trends : P&S and STO Death Blow's
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To: Boca_PETE who wrote (5050)8/11/2002 2:42:14 PM
From: Cactus Jack  Read Replies (1) of 30712
 
< "The average time it took for bear markets to recover since 1945 is 21 months long," Valentine says. "It also tells you that the recovery period is not a function of how long the market went into a slide phase. Just because we're down a lot doesn't mean we won't be setting new highs in the next few years.">

I wonder why this writer so adamently sticks to the time period since 1945 to support his thesis; the same would not hold true for 1929.
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