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To: Patrick Slevin who wrote (18388)3/11/1999 7:07:00 PM
From: jjs_ynot  Read Replies (2) | Respond to of 44573
 
This may explain the more erratic behavior lately:


techweek.com

More and more of them



To: Patrick Slevin who wrote (18388)3/12/1999 7:00:00 AM
From: GROUND ZERO™  Respond to of 44573
 
It's a new market.....

GZ



To: Patrick Slevin who wrote (18388)3/12/1999 9:35:00 AM
From: broken_cookie  Read Replies (1) | Respond to of 44573
 
Not that it shall be the same, but for whatever reason all day I kept thinking of the late 60s or early 70s when the DJIA pierced 1,000 only to fall back for roughly 10 years.

1966, I think for the first time, and finally breaking through in 1982. 16 years - WOW, inflation adjusted, that's probably a 70% loss.
If the market had a P/E multiple contraction to 1980 levels(with current earnings), the Dow would be around 2000. I wonder how many would be fully funding equity mutual funds then.