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Strategies & Market Trends : John Pitera's Market Laboratory

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To: John Pitera who wrote (9826)8/14/2008 5:45:03 PM
From: John Pitera  Read Replies (1) of 33421
 
An edit in the post that I'm responding too. I had a PM response from The Falcon that made me realize I wanted to ammend my earlier post.

I actually think that what we have seen in commodities is more like 1974-1975, with higher highs to come. I should amend that post. I was thinking about bull markets in stocks, when they began.

I think AJ and your outline for what the stock market does over the next couple of years is making sense.

The key idea is that this bear market in stocks is not nearly done. when an asset class is so loved that a mania develops, it typically takes a total loathing and revulsion of the asset class and it has to be truly out of favor before the psychological bottom is in.

JOhn
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