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Everyone is talking about the record highs of the Dow Jones Index (About 21,000) Considering a typical Bear Market will drop the index 30-40%, we could easily see the Dow drop below 1999 levels in the next few years. (16,590.34 in December 1999.) That was 17 years ago! And to think that a typical bear market could drop it below that figure puts the bull market in perspective.
Actually we are already below the 1999 Dow Jones Industrial Index figure right now if you adjust to inflation. In 1999 dollars the Dow Jones Industrials is about 24,000. So our so called stock market boom is not that impressive.
I think the OP has several accounts here. I'm seeing a few other threads that are similar in style and tone. Guess he/she's shorting some stocks!
There are two types of people...
Those who are eager to find out and fix their mistakes and those who refuse to acknowledge their mistakes.
You'll find the second type of person creates multiple accounts on forums in order to not look foolish, but since they never acknowledged their mistakes they tend to repeat them over and over and over.
In the nadir of the bear market of 2007-2009 (March 2009), we fell back to 1996-levels, erasing 13 years of market-gains. And while that's a pedagogically important lesson from history, it's unclear how to apply it now. Are we in a raging bull market? OK, but then why are current market-levels only nominally above those of the year 2000, in inflation-adjusted terms? So then perhaps we ought not to chortle so much, over recent gains? OK, fine. But then are we actually in a secular bull market?
We can't have it both ways - fretting over "long overdue" sharp impending pullback, and lamenting that we've not cumulatively advanced much in the 21st century.
Now, what happened to the poster(s) who were hawking gold as a doomsday hedge?
so far since the tide changed those cd's are better than bonds are dong
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