fabulous friday, page-36

Having read rob7's reflection of 87 crash, IMHO, it is not comparable. 87's crash following 5 years + bull market, and in the middle of a 18 years bull market.

Now were are in the middle of 16-18 years bear market (estimated from 2000), and a bigger crash just 18 months ago. It might be true that stock market has gone well ahead of itself, but 87 style crash might be a wishful thinking.

Having said that, I do agree a correction is well overdue for this rally since late Aug. Maybe BY50 is right, buy the dip.

And higher it climb, the dip the correction is. 1966-1982 might be a good guide. The only thing missing is the inflation. I hope the Fed can finally get what they want, 10%, 20% inflation might be on the horizon.

Good luck everyone.