To: Uncle Frank who wrote (260 ) 11/4/2003 3:49:46 AM From: Dr. Id Read Replies (2) | Respond to of 2955 >> So by this do you mean that you think that the Bear Market is over? There's not much to think about, Jeff. Just look at the 2 year graph of the Nasdaq index. It's the classic "V" recovery that the experts (and bears) said would never happen.finance.yahoo.com ^IXIC&t=2y&l=on&z=m&q=l&c= For corroborating evidence, look at your own portfolio. Has it's value increased because of astute trading, or due to an increase in valuation of long term holdings? The more appropriate question would be whether the year old high tech bull market is sustainable. uf Actually, that's not really "corroborating evidence". If the value of the portfolio has increased due to an increase in valuation of the long term holdings, it only means that we are in an uptrend. That could be a bull market rally or a bear market rally. I wasn't aware that they looked different in the short run. Quote from a newsletter that I receive: "Nearly all stock and market analysts have said the bull market is over and we are in a bear market. They say at best, it will be a stagnant market that will have a number of bear market advances but will eventually correct back to a previous low level. In short, a zig/zag market going nowhere... Whether this is a bear market rally or a continuation of the bull market is an important question because the gains we've recently experienced will most likely be kept in a bull market and lost in a bear market. As we noted in our last newsletter, we believe there is more bounce in this post recession recovery". So, I disagree that "there's not much to think about". Rather, I think that the question of what kind of rally this is is an important one. Maybe not so much for the momentum investor as yourself, who will theoretically take his/her gains and get out. But more so for the old buy and hold investor. DrId@notthatImcallingMike"old".com