Strategies & Market Trends : Lessons Learned

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To: Don Green who wrote (2)6/16/2017 10:45:17 AM
From: John P  Read Replies (1) of 789
Hi Don, when you cite the Atlanctic city gambling mania of the late 1970's on 1/1/1998....... we were just realizing what a huge speculative bubble the .com , B2B and overall market multiples that we would be witnessing by the time March of 2000 had arrived.

the premise of this thread is time tested....... Edwards and Magee in their 1940's bible on technical analysis stated that 70% of stocks went up in price in a bull market and maybe 90% of stock prices went down in a bear market.....

These numbers where before the proliferation of bond funds and ETF's that rise in an environment of declining prices.

of course the Wilshire 5000 index is down to 3800 stocks or so due to the evolving nature of the market.

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