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To: Lizzie Tudor who wrote (66126)	9/3/2004 6:23:35 AM
From: rkral	Read Replies (1) \| Respond to of 77400

Lizzie, re "Unprecendented really, a bear market like this 4 year period. " There are bears ... and there are bears. There are papa, mama, and baby bears. There are papas, mamas, and babies. Sometimes papa is a bear ... and sometimes papa is a bull. Sometimes mama is a bear ... and sometimes mama is a bull. OK, that's stretching the analogy a lot, but you get the idea. :-)) Papa -- the long-term trend -- is a bull. The markets have been trending upward for decades. Mama -- the intermediate-term-trend -- is a bear (might as well stick with this ridiculous analogy). The market has been trending downward since Oct '02. Baby -- the short-term trend -- is a bull. The market has been trending up since Oct '02. Oh, "But what about the market since early this year?" you ask. It's a bear, of course, but still just an embryo IMO. IOW, it wouldn't hurt to look at a long-term chart once in a while. And make that a logarithmic chart. :-)), Ron

To: Lizzie Tudor who wrote (66126)	9/3/2004 8:00:57 AM
From: RetiredNow	Read Replies (1) \| Respond to of 77400

Well, the only other time this century that we've had a stock market bubble like the 90's was in the late 20's. So I wouldn't say it's unprecedented. It's just that bubbles tend to have serious long term consequences as they deflate. Having said that, I don't think things are all that bad. I think 2003 was a great year and this one is flat due to threats of terrorism prior to the election. My portfolio is actually up 1%. LOL. Anyway, by the end of the year, I fully expect my portfolio to be up 5-8%. Not great but not bad. Then next year, I expect a repeat of 2003. That would be great. So I'll just let all the pessimists say things are bad and I'll continue earning my decent wage and watching my portfolio grow. I suspect mostly people think the economy is bad right now because of all the Democratic election hype.