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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Jacob Snyder who wrote (54266)	10/18/2001 8:00:21 PM
From: Wildstar	Read Replies (1) \| Respond to of 70976

>>>So, IMO, there is a big risk of a resumption of the Bear Market, in late 2002 or 2003. And stocks going on to take out the 9/01 lows, and perhaps reaching those "historic valuation multiples". The Bear Market will look like a huge sawtooth pattern, with an overall decline masked by rallies that can last as long as a year.<<< What you describe sounds like an L-shaped bear market. The same thing happened during 1966-1982. Although there was no positive return during those years, there were several mini bull and mini bear markets. Ample opportunity to make a profit. I think the best returns for the next several years will be made by those who buy during times of extreme pessimism and are nimble enough to sell before the next mini-bear strikes. IMHO LTBH won't be as successful.