COMMENTS in addition to
those on the chart (IF ANY):
BY THE WAY, if we ASSUME that this same
rate of return will prevail for each new bull trend, which may or may
not hold water over the long term, we can generate a 7%, a 5%, and 3%
exponential curve from the 1932, 1942, 1974, and 1982 lows to get another
"good idea" of where the index is curently in relation to these short "spur
trends," of twenty to thirty years.
For The PRICE-TIME
REVIEW
B. L. Bonfoey
Co-Editor
