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To: Orhan Birol who wrote (23089)	11/12/1997 10:58:00 PM
From: Jeff Jordan	Read Replies (1) \| Respond to of 61433

What was so great when the bull market started in 1982? Well, thats not when the current bull market started.But it was close to the previous one...I think your off by about 2-3 years? Just because the the long term chart of the DOW made progress this doesn't signal the beginning of a bull market. It has steadily risen since 1933. I hate to remember back that far....but I do remember the 2x interest rates and 2x inflation. As I was taught, there are 3 phases to each bull/bear market ,yes it is hard to recognise the beginning and ends, the phases have certain characteristics. Just take a college course or read something. JJ JJ

To: Orhan Birol who wrote (23089)	11/12/1997 11:04:00 PM
From: Potato Farmer	Respond to of 61433

What was so great when the bull market started in 1982? The answer really is in how bad things were in 1982, and you are right in saying that the market began to measure against the future rather than the past. That year, bonds were called "certificates of confiscation." I told someone my company was going public and I had 12,000 shares. They told me, "That's not worth anything! Do you get overtime?" Those are things that happen when a bull is about to start. Investors have to be contemplating careers in food service; brokerages and banks are considered jokes. Despite this 10% setback, today's circumstances are the opposite. Pete F.