Pinch yourself.
"Toto, we aren't in Kansas any more!"
stockcharts.com[h,a]dhclyymy[d20020601,20021231][pc20,50!d20,2!f][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]
In 1998 my last buy was at $10 and we went to $8.375 (pre 3:1 split numbers)
In 2002 my last buy was at $8.92 and we went as low as $6.63.
You would think I would get "better" at this! :)
(Actually, I was chicken to buy and the buy at $8.92 was on the upturn this time rather than the down trend in 1998.)
The two past bear market rallies have given us over 100% gains and we are almost at a double from the bottom now..
stockcharts.com[h,a]dhclyymy[d19970101,20021231][pc20!c50!i!d20,2!b100!b200!f][vc60][iut!Uo14!La12,26,9!Lh14,3!Lc20]
I doubt anyone is expecting another 20x gain. :)
Now, will we have a repeat of 1998/1999 and not look back or .... is this another painful bear market rally? |
