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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: donald sew who wrote (13251)	5/7/1999 8:39:00 PM
From: Vitas	Read Replies (1) \| Respond to of 99985

>>> bear market in 1899. How big was it?<<< averages.dowjones.com

To: donald sew who wrote (13251)	5/7/1999 11:41:00 PM
From: Gary Wisdom	Read Replies (2) \| Respond to of 99985

re: <<I didnt realise that the U.S. had a bear market in 1899. How big was it?>> Oh yeah. It was a doozy. I remember it very well. I was daytrading this one highflyer. I remember it well. It went up or down 1/8 a day for about six straight months. I was scalping 64ths at the time. I was making a killing. The problem was, every time I wanted to make a trade, my damned horse and buggy broke down and I had to run to my broker to make a trade. I remember one day it was stormin outside and I couldn't get down to my broker at all. I was really pissed as it moved a whole quarter that day. Think of the opportunity cost!!! Yep, it was one helluva bear market. And they didn't even have someone named Greenspan back then to jawbone the markets down everytime he opened his yap. They did have this guy at the street corner who constantly bragged about how good he was at trading. His name was, hmmmmm, oh yeah, Cramer. He used to have this flyer he would hand out to everyone telling everyone what stocks he said he was long and short. Funny thing, years later it turned out that he actually did the opposite of what he told everyone he was doing. Who would of thunk it? Lost his ass in 1919 when he put all his money in some liquor company. Leveraged to the hilt just before Prohibition hit. Heard he has a grandson around these days. Wonder what he's up to? Funny thing though. When the millenium came around, the whole world didn't collapse into anarchy. Wonder if it'll happen this time? <ggg>