The end is nigh -- and that's good ( End of the Bear Market?)

Marketwatch ^ | March 5, 2009 12:06 a.m. EST | PETER BRIMELOW

[Ernest_at_the_Beach]

NEW YORK (MarketWatch) -- A veteran bear says the end is near -- the end of the great bear market. But we're not quite there yet.

In its latest issue, Growth Fund Guide draws elaborate technical parallels with the 1929-1932 bear market. In the short run, it concludes that this year's decline "could last for many more days." But not forever.

Putting the stock market in a longer perspective, Growth Fund Guide says,

"Since its October 9, 2007 high, the DJIA has appeared to us to be in the process of continuing the major bear market that began in early 2000. Recent price action seems to suggest that we could see one or more declines and advances that could rhyme with [the 1929-32 bear market] ... history is suggesting that that a meaningful low in the U.S. market is most likely to take place within the last six months of 2009 or sometime during 2010."

How "meaningful?" Elsewhere, GFG makes it clear: "When we look for a possible low for super bear market, history points to the 18 month time period after June 2009."

In other words, it's the big one. And it's close in time, although Growth Fund Guide offers little hint as to how close it is in terms of stock prices.

[dools007]

I saw that before I sent the post. Was curious if anyone would catch it. Also wondered what the comment would be. I like the way you think, Joe.

[cherry]

OMG......OMG.......

what can we do?.....personally.....withdraw your money from your 401K but then where do you put it?.....can't trust the banks.....

prayers up to Dear Lord to save us from our own stupidity....

[cherry]

who the hell do you think is going to replace barry?......the paid gummit workers will protect him, maybe there is 60% of the military that could step in and establish control, but not all the military will go along.....

all this makes me very, very sad and scared....I have a dtr getting married in June and the first grandchild coming......things should be HAPPY....