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Strategies & Market Trends : John Pitera's Market Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: MulhollandDrive who wrote (3964)	6/1/2001 9:43:39 PM
From: John Pitera	Read Replies (1) \| Respond to of 33421

Thnanks Mrs. P, one correction the K wave bottom is more conventionally thought to be 1942, but the overall point I was making still applies and this cycle seems to be showing significant rightward translation, as least as far as the US stock market goes. One can argue that we should have seen a much bigger downturn in the earlly to mid 1990's in equity prices. After the 1987 crash, US real estate and stocks were supported by the Japanese bubble which peaked on Dec 31st of 1989. I can recall all of the big Real Estate investments they made, buying the Pebble Beach golf course. Rockerfeller Center, the Exxon, and Mobil buildings in NYC, as well as the Chase Manhattan and Citicorp building etc. the as the 1990's unfolded we've see the monetary stimulus to create this very big stock bubble we've witnessed.