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Gold/Mining/Energy : Gold Price Monitor
GDXJ 109.23+3.7%Nov 28 4:00 PM EST

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To: long-gone who wrote (15549)8/9/1998 1:42:00 PM
From: G.T.  Read Replies (2) of 116790
 
13 years to break even !!!
Richard, I enjoy reading your posts. Most people have been conditioned that bear markets will only last for a year or so at the longest. With the current over valuations the next bear looks to rival the current Japanese condition or even the 25 year run from 1929 to 1954 to get back to even. We get to see it all unfold before our eyes, while twenty years from now there will probably be a course offered in school on signs to watch for a pending bear market. It's human greed and momentum moving the market higher. You can bet when the bear arrives and grinds their money away, people will become very reluctant to put money back into stocks for a very long period of time.
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