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Strategies & Market Trends : MARKET INDEX TECHNICAL ANALYSIS - MITA -- Ignore unavailable to you. Want to Upgrade?

To: marginmike who wrote (1575)	11/29/1999 11:48:00 PM
From: J.T.	Read Replies (2) \| Respond to of 19219

marginmike, In terms of the 90's alone, you are absolutely right. Maybe try and take a longer term perspective beyond one decade. The decade of the 90's is the mother of all BULLS and there will never be another decade like it. NEVER. We are about to close the decade with five double digit percentage gains in a row - a feat never before accomplished. We will be UP for the 9th year in a row, barring a last month capitulation in the month of December 99. Never before accomplished. If you take out the decade of the 90's, it is a traders market via the broad market. For example, any gains made between 1958 and 1973, if you simply held through it all, were totally wiped out in the bear market of 1973-1974. Fifteen years of gains wiped out in two years. In the Dow crash of 87', the DOW declined 984 points in two months which took fourteen months to achieve. The 20's Bull Market started at DOW 100 an peaked at DOW 381 in September of 29'. Roughly 9 years. It was all wiped out in two years in the fall of 31' and we hit alow of DOW 41 in the summer of 32 - half the level the DOW started it in 1920. Most of these people went bankrupt and did not BUY AND HOLD FOR THE LONG RUN. Today, more than 55% of the mass public are in the market. We are in love with stocks.. A serious warning sign in and of itself. No guarantees in life. And I refuse to follow the masses. Count your blessings, and be sure to take some profits early off the table from time to time. I am not trying to be Dr. Doom. Just trying to put this in a historical perspective based on past history. Remember, the average bear market moves at least three times as fast as a bull market. Best Regards, J.T.