tomintucson
Recycles dryer sheets
I enjoy reading The Economist for commentary and analysis above the fray. The following article points out that the Dow first crossed 9000 in 1997. Ten years of lousy dividends and zero capital gains for a buy-and-hold investor. Are we perhaps only in the middle of a structural bear market, albeit perhaps at the end of a cyclical (October 2007 to the present) bear run? Did last week usher in a bit of a dead cat bounce? I'm trying really hard not to be unduly pessimistic, but these historical cycles of 18 or 20 year durations feel a bit intimidating right now.
How long can a bear market last? | The big bear | The Economist
Tom
How long can a bear market last? | The big bear | The Economist
Tom