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Strategies & Market Trends : The New Economy and its Winners

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To: Rock_nj who wrote (47863)	1/24/2009 6:29:10 PM
From: Lizzie Tudor	Read Replies (5) of 57684

yeah, and we've had this bifurcation between growth stocks and traditional stocks into the nas and dow which we didn't have before. The nas has fallen that 80% off peak, from 5150 in 2000 to 1200 in 2002. Thats as bad as it gets. Then it has stayed flat since. Thats a typical bear. In the 20s, the S&P had a construction more like the nas, not all these "value stocks". There was no such thing as a value stock in the 20s, it was all growth. In 2002 when the nas fell apart to 1200 I saw that NYT columnist Floyd Norris on CNBC call the bottom and say it felt like 1974 to him that day, he was exactly right while nutcases like Fred Hickey were calling for ANOTHER 50% haircut. So taking that analogy, in 1974 there was another 8 years of pain for stock market investors until the great bull market took off in 1982. This feels similar.

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