Loading ...I was there in 1970 bear that lasted into 1974 ….I got back in Jan 1975 ..I had a Broker friend I hadent spoke to for a few years..I looked at the bottom in jan 1975 ..I walked to my office to pick up the wall phone to call my broker ..I reached for it ..when it RANG ! It was Wesley my old friend and broker I hadent bought a stock in 3 years,as I had just started a new Business in 1970 … After 3 years he said to me “Do you SEE what I see ? We both got back in the Market that DAY ? I had a Great RUN until 1987 ….12 years of bull Market….made 5,000 % ….on my 1975 investment ….The late bull market of the 60’s was ending in 1969 and was followed by the 1970 -1975 Bear Market…The Dow bottomed somewhere near …..600……P/E ratios were like 3X earnings .I went “bottom fishing ” for cash loaded stocks ..I found one stock that had $11.00 per share in CASH in the Bank and the stock price was 5 1/4 …….I rode that sucker up to $56 .00..haha ..I bought Circuit City at .60 had 5 splits and sold at $56.00 ….I feel the same way about Gold ..now,,washed out …
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