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Strategies & Market Trends : The Options Box -- Ignore unavailable to you. Want to Upgrade?

To: Poet who wrote (7732)	11/29/2000 9:59:55 PM
From: Poet	Read Replies (2) \| Respond to of 10876

OK, just one more post to myself before bed. This is from tonight's OIN newsletter, on the character of bear markets: "While I'm on the topic of bear markets, it may behoove us to review a history of the Ursa. In the last century, the average bear market lasted roughly 400 days. The average bear market over the last 100 years typically eroded 27% of the market. The current bear in the NASDAQ is only 270 days old, but it has taken away nearly 50% of the gains from the index's March peak at 5132. Judging by past bear markets, the current Ursa is one of the most violent in recent times, and it's still relatively young. While much damage has already been done to the NASDAQ, it could still trade lower until all the bad news is discounted. If you're holding on to big losses in some of the bear targets remember that it's never too late to sell and preserve capital - and stay alive to play the game!"