Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Bob Brinker: Market Savant & Radio Host -- Ignore unavailable to you. Want to Upgrade?

To: James F. Hopkins who wrote (2828)	1/16/1998 1:44:00 AM
From: wooden ships	Read Replies (1) \| Respond to of 42834

In re: "Bear markets have been known to run for years, slowly eating away at the hangeroners. Jim, that's an excellent point doubtless lost on legion callow money managers who, per an accident of birth, have never suffered through a bear market of any consequence or severity. To be sure, these kids- fiduciaries of the nation's wealth, bedecked in their expensive suspenders and collecting six or seven figure incomes for underperforming the market averages during a rampant bull run- would likely not discern a bear market if it fell on their heads. History shows that markets can tread water for sustained periods and that genuine bear markets, as you aptly note, can be ugly and protracted. For example, in 1929 the DJIA peaked at 381.17 and imploded to 41.22 in 1932. It took 25 years, to the end of 1954, until the DJIA eclipsed the 1929 high. Then, in early 1966, the DJIA climbed intraday above 1000 for the first time in market history. DJIA 1100 was not breached until 17 years following, in 1983. Meanwhile, a brutal 1970's depression had wreaked havoc on the market which bottomed in December 1974 at about DJIA 577 or so, if memory serves. What will become of the unseasoned suspender set whose lives and fortunes have been gift wrapped by the bull? In a post new era, they may have to forego that next expensive cigar and actually work for a living.