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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?

To: J.B.C. who wrote (7288)	5/30/2001 12:17:51 AM
From: craig crawford	Respond to of 57684

Yap. --Oil spiked up to $40 in late 1980. Almost 6 years later in 1986 it hit $7. It was only $10 in late 1998. Adjust that for inflation and you have oil prices at $5 or less 18 years later. --Gold hit $873/oz in 1980. At the time the value of all the gold in the world was more than the value of the stocks on the NYSE. Obviously a bubble, and gold still languishes 20 years later. Adjust for 1980 prices and gold is like $120/oz, languishing near 30 year lows in real dollar terms. --Japan's bubble topped out at around 39,000 in late 1989. 12 years later it languishes in the 13,000's, almost 66% off the highs. --The Dow hit 1000 in 1966 and was still 1000 in 1984 18 years later! --The Dow peaked at 381 in 1929 and didn't return to new highs until 1954, approximately 25 years later. --The S&P topped out at 121 in 1973 and didn't make new highs until 1980 over 7 years later. No bubble (especially one of this magnitude) ever stops at two year lows. I don't see why people can't just accept that they are going to have to come up with a new strategy aside from playing the same old four-letter bubble stocks.