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To: Moonray who wrote (8616)12/18/1997 11:34:00 PM
From: Duane L. Olson  Read Replies (2) | Respond to of 25814
 
o~~~ Have never seen a bear market start with interest rates down this low, Moonray, so will continue investing.. To me, we have to get Gov (Fed) intervention to slow things down before the "Party is Over".
It looks to me more like the 60's (which had some pretty nasty "corrections") But true bear came in '73 with interest rates up, and economy slowing badly.
But I am watching your assessment VERY carefully... I would count on that upturn by Dow 7600....just because we are all creatures of our experience.. And mine says we get at least one more major run... and maybe even a strong small-cap rally --- before we call it quits.
JMHO on that, of course... dlo