My answers:

本文内容已被 [ dividend_growth ] 在 2007-11-07 21:53:54 编辑过。如有问题,请报告版主或论坛管理删除.

1. You should study market history more thoroughly. Sure the unemployment reached 7.8% in 1992, but the bull market returned in Jan 1991, and Nasdaq was 39% higher in 1992 than the high in 1990.

2. I said very clearly that S&P 500 dropped 20% from peak to bottom in 1990. By the time the market drops 15% from current level, the S&P will be cheap and bears plenty.

3. It seems you are using Hussman the Perma-bear as your reference. I expect something better.

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if it drop 20%, then I will pile in as well -SZHOU888- 给 SZHOU888 发送悄悄话 SZHOU888 的博客首页 (61 bytes) () 11/08/2007 postreply 05:59:55

Absolutely! If the market is going to drop, -dividend_growth- 给 dividend_growth 发送悄悄话 dividend_growth 的博客首页 (32 bytes) () 11/08/2007 postreply 11:29:24

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