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To: robert b furman who wrote (16135)8/31/2001 4:29:11 AM
From: BelowTheCrowd  Read Replies (3) | Respond to of 19079
 
> I've been there, done that, and it's fast - so fast you miss it. If you haven't been there you don't know. <

I get the impression that the person who hasn't been there is you. Because if you'd ever experienced the recovery from a REAL bear market, you'd know better.

finance.yahoo.com Have a look at that nasty dip in late 1990, the last real bear market we've experienced (and even it was pretty lame compared to the early 70s...). See how long it takes to recover the value after that nasty dip? More than TWO YEARS! And you had plenty of room to get in without much trouble after things bottomed out.

The "turn on a dime bottom" aka "V bottom" is a product of recent years. Real bear market bottoms take a while to resolve themselves and frustrate the hell out of bulls and bears alike.

I think that's what we're in for now. If so, that margin you so eargerly anticipate using is going to be one major millstone around your neck, as you find yourself paying interest on a stock that bounces around near the bottom doing nothing...

mg