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Strategies & Market Trends : Waiting for the big Kahuna
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To: Vitas who wrote (37700)2/27/1999 4:30:00 PM
From: bobby beara  Read Replies (7) of 94695
 
>>>I don't know about that, but this correction/bear, even if it gets to Dow 6800, will be just a blip in an ongoing superbull.

Take a look at what happened in '58 onwards.<<<<

Vitas you did good, but you gotta get off this 1957 kick.

In 1957 we had:
A: 1 wage earning family.
B: Great savings rate.
C: Few overtime hours worked.
D: low consumer/corporate debt.
E: Deeply conservative atmosphere due to
the recent memories of the Great Depression
and WWII.

In 1999 we have:
A: 2 wage earner families.
B: worst savings rate since 1933
C: Record overtime hours worked.
D: Record consumer/corporate/govt. debt.
E: J6P playing options on Yhoo, charged on VISA
The "Goldilocks" theme buy & hold market only goes up.
Al the Tow Truck driver, who owns an island thru
online "investing' -g-
Largest rage in tatoos/body piercing since the 20's
Now that Rodman's in LA, I expect the bull market to peak in that -g-

In 1957 you didn't have brokers advertising on TV constantly.

This is not 1957.
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