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To: Win-Lose-Draw who wrote (126574)	12/1/2005 12:15:50 AM
From: Perspective	Read Replies (2) \| Respond to of 209892

But that doesn't work out to the bear running through today. By that measure, even if - even if I grant a 1998 peak - the bear would have run October 1998 to October 2002. That's just four years. Hardly a secular bear to cap the decades-long bull. And I really, really don't see how anyone can say with straight face that the bear started in 1998. Come on, look at the blowoff in 1999-2000. What really counts - total market cap - clearly peaked in 2000. Bottomed in 2002. Two year bear, that's all. And the rational expectation that should come from that data is - more down to come. BC