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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: da_cheif™ who wrote (7434)	8/20/2001 8:34:59 AM
From: tradermike_1999	Read Replies (2) \| Respond to of 74559

it would appear that the blast off comming out this 3 year cosolidation will give those that missed the first round another chance at becoming a millionare themselves...but wat the hey....if dey missed the first one i doubt if they will catch the next one.....wadya think..... The worst bear ever was the 1929 bear which last 3 or 4 years. After it ended the DOW consolidated in a narrow range for 8 or 10 months and then broke out and doubled within a year. But even if something similar were to happen to the Nasdaq I don't think most people will be around to take advantage of it. At the end of this bear market most people will be so mentally beaten that it will take them years to get the strength to buy another stock. We now reign on wild optimism about Greenspan and Bush. As the bear ends everyone will be pessimistic and then they won't care about stocks. When people no longer care will be the time at which they are actually cheap. The crowd is always wrong.