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Strategies & Market Trends : The Millennium Crash

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To: sawgrass who wrote (1228)10/16/1997 9:10:00 PM
From: tekgk   of 5676
 
>> Most of the bears are yogi-like

500-600 points? How about 75% like from 66-82 (constant dollar adjusted) or 29-50 or 1896-1917. Adjusted for devaluation's, bears have been as numerous and as long as bulls over the past century and have generally wiped out about 75% of the previous bull run up.

cpcug.org

I know - it's a new era - so did the bulls that were wiped out in the previous bears. In 29 the US was a great creditor - among the first to fully utilize the electric motor and conveyor belts for mass production. In 66 80% of the worlds cars were made in Detroit. Today we are the worlds largest debtor and only 19.6% of the worlds economy. Productivity growth in the previous bulls was an average 3 times greater than this one. 1/3 of the money for this bull was foreign money which peaked in Aug and is now reversing. This bull markets was very good to me and others - are you so sure that this is going to be another minor (yogi-like) correction like in 87?
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