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Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: Chris J. Horne who wrote (12659)	3/2/2001 9:16:07 AM
From: Wren	Read Replies (2) \| Respond to of 42834

Today's Wall Street Journal has an article on One Year After Bubble Burst. It makes the point that some historic bubble bursts took many years to come back. It has a chart showing the Nasdaq from 1-1-90 to date, with the Nikkei 225 for 10-22-79 to 10-21-99, and the Dow 30 for 6-27-19 to 6-16-39. The three line charts have a common point of the peak just before each bubble burst. The Dow took several years to reach the final bottom. The Nikkei has just hit a 15 year low, so it is still struggling. I remember when the 72 bubble popped. It took, as I remember about 8 years to come back. Also, when you look at other countries,there are several that have hit new 52 week lows or are dropping toward them rapidly - such as Switzerland and England. When I look at this chart and read the history of how long it took these and other bubbles to come back, I see why Brinker is pushing the "Mother" size buying opportunity forward into 2002. This situation also makes me wonder whether it makes sense to be in index funds, or whether you should be in only concentrated mutual funds run by great stock pickers, or just in some stocks that might out-perform the market. The futures continue to drop this morning. It looks like a down market on the open.