The Race of the 1929 and 2007
Bear Markets Week 53 of 149
Mark J. Lundeen
17 October 2008
Note For the Record: Mark Lundeen does not want a devastating bear market in the next two years. However, in full view of Congressional Market Oversight Committees and under the supervision of Government Regulatory Agencies, things were done that I believe will make a historic bear market inevitable. If you have a problem with this bear market, contact Washington, not Mark Lundeen.
Dow Jones -40% Declines From 1885 to 2008 is the article that inspired this race of 1929 & 2007 Bear Markets. You may want to read that article to understand my “BEV Chart” Below.
Week 53 goes to the 2007 Bear, but he won it by a nose.
I see Warren Buffet is calling upon investors to buy stocks now that they are deeply discounted. Experts usually do go public and advise stock investments at these deep bottoms. And from 1885 to 1974, for the eight times the Dow Jones fell -40% from it previous all time highs, they were exactly right, except once in 1930.
Until again in week 54 of the “Race of the Bears”
Mark J. Lundeen
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