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Strategies & Market Trends : Waiting for the big Kahuna

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To: Investor-ex! who wrote (24403)8/15/1998 11:43:00 PM
From: Bonnie Bear  Read Replies (2) of 94695
 
I-EX: going back to 1994 as a common point, the reits and russell appear to be 45% off the S&P - so although the bear in these markets is approaching 25% off their highs, they've lagged the index for so long that the REAL gap is much greater. As far as I can tell, they lagged significantly in 94. It's the difference betwen 6Xbook for the Dow vs book value for the Russell. If the Russell goes any lower we can forget about having electricity and running water in our houses in the near future.
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