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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (41166)	11/22/2002 9:37:58 AM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

>>The Dow also lost like 70% of its value during those few years post 29.<< 90%. And it had a PE of 6 and a yield of 15% at the bottom.

To: AugustWest who wrote (41166)	11/22/2002 10:22:26 AM
From: Terry Whitman	Respond to of 52237

That could certainly be argued. And no doubt will be by the perma bears. >I mean the dow went back to 1900 levels from '29 before starting over again< Three years is a long time in bear years. The Nazdung fell close to 80% at it's lows. Maybe that's all she'll see.. A cyclical rally from these recent lows doesn't mean the 'secular' bear market is over. We could still see more ugliness in future cycles- maybe even new lows. I don't think so, however. I suspect future cyclical lows will be at higher levels, as they were post 1932. Doesn't mean I'm right, though. <g>