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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: ajtj99 who wrote (43942)	6/29/2002 9:27:54 PM
From: AllansAlias	Read Replies (1) \| Respond to of 209892

I'm not sure we could say the Nasdaq bubble is worse than the bubble in 1929 Which is why I said "at least second worse", or something very close to that. Here is a graph from some time ago showing rates of returns, not counting dividends and other pesky variables, notably, inflation, which has diminished buying power (effective rates of return) enormously. geocities.com Using the 1929 trendline, a rate of about 6.5%, the SPX should be somewhere just north of 500. It's kinda shocking to think that the S&P could be cut in half Monday and it would only be testing the very long-term bull trendline. Also, the ascent from 500 represents the the bubble imo, and all previous bubbles have been erased, at least.