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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: 16yearcycle who wrote (25097)10/9/1998 10:07:00 PM
From: Justa Werkenstiff  Read Replies (1) | Respond to of 70976
 
Gene: Re: "How many times in the last 20 years have you had a chance to buy after a 36% drop in the market?"

Let's call a bear market a decline of more than 15% in the DJIA. On only ten occasions in the post-war period stock prices have fallen 15% from bull-market peak to bear-market trough. On average, stock prices during these bear markets have declined 23% with an average 13-month duration.