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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Investor2 who wrote (9606)	11/13/1997 1:45:00 PM
From: Tommaso	Respond to of 94695

'RE: "Anybody who bought the DJIA at 1000 in 1972 took them 10 years, until after Sept 1982" And anyone who bought the DJIA at 1000 in 1968 had even longer.' ****** But anyone who got in after the 1970 decline, out in 1972, and back in during 1974, did very well. I have never repeated this on a percentage basis since then. I had little money--was only able to put $150 a month into the precursor of the IRAs, a 403b account. To switch it between fixed and variable you had to "apply" with a special form and wait about a month for the switch to be made. Also they took out a 4.5% front-end load. Nevertheless, I turned about $5,400 of contributions into about $13,000 by the middle of 1975. This continued to grow, though I took it out of stocks much too soon--back in 1986--and never put it back after the 1987 thing because I expected about a 20% further drop that never came. But even then it went on compounding. It is this money that I am now rolling over into an IRA to put into BEARX (if the insurance company will only go ahead and send it). As so many of us have said so many times, we seem to be at the third great top of this century in the US stock market.