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Strategies & Market Trends : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: heronwater who wrote (63116)	11/21/2000 12:54:28 AM
From: peter michaelson	Read Replies (1) \| Respond to of 122089

Hi Isabel: Great fortunes were made from the long bear market. Very solid companies at the top of the food chain were going for less than half of net true asset value. Of course, as always, to realize that fortune you had to have firm conviction, for the bear market lasted for a decade. The crash of 1929, in fact, wasn't so very severe. It was the three or four years after that that simply drained all the energy away with new bottoms found on a quarterly basis. Just went on and on. If a person refrained from buying after the 1929 crash, and averaged in in 1931 thru 1935 and then could hold a long through the sputtering false recoveries, through the war and into the baby boom, a fortune was made. Not easy. Peter Hey, you better come back to the site cuz people are bad mouthing you every day. I'm getting tired of protecting your reputation.