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Pastimes : The Justa & Lars Honors Bob Brinker Investment Club

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To: marc ultra who wrote (5304)5/24/1999 8:27:00 AM
From: Boca_PETE  Read Replies (1) of 15132
 
marc u: Interesting article reviewing 73-74 Bear. If we add a zero to each of the DOW closes of 73-74, yada yada yada :-((

On the other hand, today's economic backdrop is very different (and more positive) from the 73-74 period. Also, during 73-74, individual investor trading comprised a much larger proportion of total trading than today where institutions make up approximately 90% of trading. Of course if the smart money managers of today are smart enough to quickly realize we are in a bear market environment and panic sell to get out, we could get any bear market of today over with much more quickly than in 73-74 when clueless individual investors hung in there sipping from their hope cocktails. Of course there may be some Y2K panic sellers thrown into the mix later this year.

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