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To: Duane L. Olson who wrote (25495)1/29/2003 12:43:41 PM
From: sea_biscuit  Read Replies (1) | Respond to of 25814
 
DLO,

The only thing I can say is that at the beginning of bear-markets, hopes of a quick rebound are still high (and they do come true to some extent, in the form of ferocious bear-market rallies -- rallies that sucker in the naive hopefuls and deprive them of whatever little that's remaining in their pockets).

And yes, even though we are nearly 3 years into this bear, I would say that is only about 20% or 25% of the total duration of the bear-market. We are still at the beginning of this one.