SwingTrade Member Forum

[Rawnoc]

"When it peaked a few weeks before the crash, The Dow Jones had risen 597% over the previous 8 years. It was soon to become a symbol of runaway pessimism."

No wonder it took 11 years to pass it again. Like housing prices in 2006, the Dow had no business being that high in the first place.

By the way.....the Dow hit its low in 1932 so even the Greatest Great Bear of all Greats only lasted less than 3 years so I think the notion that this one is going to last 5 years given all of the arguments in these two posts I made is almost impossible IMO without some major outside cause such as a major terrorist attack.