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To: Lizzie Tudor who wrote (13972)1/23/2005 8:34:24 PM
From: Oeconomicus  Read Replies (2) | Respond to of 17683
 
"Notice the volumes in the markets, and CNBC's ratings.
This is a secular bear market, something I didn't think possible 3 years ago ..."


LOL. Since when does anyone define bull or bear markets by CNBC ratings?

As for this being a "secular bear market", the market has been climbing for two years now, after a near three year sell-off from the biggest market bubble in US history and the recession its popping made inevitable. A sell-off that began, BTW, when your beloved Slick Willie was in the White House.

The S&P is up 36% in two years. That's a bull market everywhere but your Bizarro World.

BTW, in all of the 1990s, there were a total of five months where nonfarm payrolls rose by 400k or more jobs. Five months out of 120 isn't exactly "routinely". Oh, and three of the five came in the late '90s bubble years. Try to get you "facts" straight once in a while, Dizzie.