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To: sea_biscuit who wrote (25073)	7/12/2002 9:58:03 AM
From: Andy M.	Read Replies (1) \| Respond to of 25814

Dipy, Can you give some examples of how buying at five year lows in the seventies "did no good"? There were two five year lows for the Dow in the 70's. One was in late ''70. One was in late '74. If you bought in late 70, you had a small rally for a few years before the plunge in '74. If you bought in late '74, you got a low that the Dow never crossed below again. Clearly, for both short term and long term investors, buying the five year lows in the 70's were great ideas. If you want to make a claim about the 1929-1932 period, you should give specific examples. I don't know why you keep trying to make historical arguments about this market. Given where we are now, they will all go against you, especially the 1929-1932 scenario, which most resembles what happened on the nasdaq. It's plain what happened from 1932 onward. Andy