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To: yard_man who wrote (62176)8/30/1998 11:12:00 AM
From: DoggieDude  Read Replies (3) | Respond to of 176387
 
"Options will buy you time only and premiums are high. Sell what you need to get out of margin. Market has broken key supports. There are no "safe" stocks in a bear market. Preserve your capital. You will be able to buy DELL, CSCO or anything else you like much cheaper in 2 months, in 6 months, probably in 1 to 2 years."

Do you actually believe that a bear market will run continuously for 2 years??? Maybe if this was 1930 1950 or anything before 1980. But from my understanding due to the advent of faster & faster world wide communication the entire bull / bear / correction type cycle has been speeded up considerably. I have heard many "experts" talk about how bear markets in todays age only last a couple of months or so. Even if it were to go on longer than that a bear market in the US could never last 2 years with the current economic situation. There is to much money being put into retirement funds that MUST BE INVESTED. Russia and Asia could be evaporated out of existence and still Americans would chug along day in & day out slowly sliding money into retirement funds. So what happens when all those people want to retire??? That is when we may have an extended bear market. If the next generation doesn't follow with even greater savings and outflows start taking bigger & bigger chunks out of the inflows we may see a major correction & bear market.