Thursday, October 06, 2005

October 1987

In October of 1987, during the noctorious black monday, everything crashed. After the crash, technology stocks along with the general markets slowly crept back up before setting record highs after record highs in a 2 decade long bull market. Meanwhile, resource, gold stocks could not recover from that crash and resumed a 2 decade long bear market.

Now, its octo'ber of 2005, and everything has crashed (although not to the same extent). Will things be reversed this time? Will technology stocks along with the general stocks resume a 2 decade long bear market, while resource and gold stocks will quickly recover before setting record highs?

Note: October of 1987 is exactly 5 years after the bull market in the nasdaq/ bear market in gold started. October of 2005 is exactly 5 years after the bear market in the nasdaq / bull market in gold/resources started.

I'm not saying this will happen. In fact, I will be very surpised if this happens. It's just a thought I wanted to throw out.

1 Comments:

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