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To: Dale Baker who wrote (64879)9/19/2008 10:09:23 PM
From: tom popeRead Replies (4) | Respond to of 118717
 
I didn't clear the decks in expectation of a Monday pull back, and now I wish I had. I would be very surprised if we were to escape a pull back, and think that prudence would have provided a very nice opportunity to climb back aboard some time next week.

Wonder what others here think?

OTOH, I do remember the beginning of THE bull market in August 1982, and the number of smart people who were left at the bus stop waiting for the inevitable pull back to come back to them.



To: Dale Baker who wrote (64879)9/19/2008 10:54:18 PM
From: Paul SeniorRead Replies (2) | Respond to of 118717
 
"I can't remember another period where stock prices virtually across the board were so divorced from company performance..."

You possibly weren't in the market at those times. '73-74, when interest rates were 12-15% '80-'82, lots of A companies at p/e 6, unemployment high. Shock of '87.


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