The Bear Market Rallies of 2000-2002

May 5, 2008 at 11:53 am  ·  Category: Market Commentary, Sentiment Analysis

History doesn’t repeat itself, but it does rhyme.

Mark Twain 

Tim Knight of The Slope of Hope put up an excellent post yesterday covering the bear market rallies of the 2000-2002 bear market.  Again and again, powerful rallies were interpreted as marking the end of the bear.  And again and again they turned out to be wrong.

The charts in the post are priceless. 

I also read the WSJ article “Stock Investors Start To Believe That The Worst May Be Over” (subscription required – anybody who wants to read this blast from the past, which I highly recommend, e-mail me for a link; ES Browning, June 5, 2001) he links to.  Note the comparisons between that article and the one in last Monday’s WSJ that I wrote about (“Excellent WSJ Article On The Sentiment Shift”, Top Gun FP, April 28).

Posted by Greg Feirman  ·  Trackback URL  ·  Link
No Responses to “The Bear Market Rallies of 2000-2002”
  • Hello Greg,

    Thanks for the link to those 02 charts, just like I remember them; it is becoming very obvious that for the first time in a long time (if ever) two very different and distinct views are being so openly expressed regarding the market’s direction over the next year or so….maybe the web is facilitating the availabilty of such divergent views, definitely refreshing. Will be attending a conference call later today re this subject, will share if anything creative is presented!


    Joe  ·  May 6, 2008 at 2:33 pm  ·  Permalink

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