- THE SECOND COMING OF THE BULL MARKET - BossCube, 09.08.2001, 23:27
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - JüKü, 09.08.2001, 23:42
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - dottore, 10.08.2001, 00:06
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - YIHI, 10.08.2001, 11:39
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - André, 10.08.2001, 12:20
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - YIHI, 10.08.2001, 11:39
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - dottore, 10.08.2001, 00:06
- Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen! - JüKü, 09.08.2001, 23:42
Re: THE SECOND COMING OF THE BULL MARKET / Genüsslich lesen!
Jeremy Grantham points out that in 1929, the markets
settled into a 17-year bear market, succeeded by a 20-
year bull market...followed in 1965 by a 17-year bear
market, then an 18-year bull."Now are we going to have
a 1-year bear market?" asks Grantham."It doesn't sound
very symmetrical."
"In 1929 the S&P 500 peaked at 21 times earnings,"
points out Mr. Grantham."In 1965 it peaked at 21 times.
Not so long ago it peaked at 33, and is now somewhere
around 26...
"[Does anyone] really think," he continues,"we're on
the edge of the next bull market when the p/e of the S&P
is still higher than its pre-'29 crash?"
<center>
<HR>
</center>

gesamter Thread: