Wednesday, April 24, 2002, 9:07 AM
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Edited by Thomas Granahan                                                                                          Media Index
Of DOW JONES NEWSWIRES

9:07 (Dow Jones) If the most recent bull market ended at the March 19 closing high of 10535, it will be the first time of the 23 bull markets over the last century (other than the aberrations of the '30s) that one will have lasted less than six months.  That's according to Jack Schannep, of TheDowThory.com, who also says a double-dip recession is highly unlikely, and that the U.S. is just starting a business expansion, which always accompanies bull markets.  He says that only six times since 1980 have the DJIA and the S&P500 risen 19% (his definition of a bull market).  The first year increase for all of those previous five bull markets has averaged 35.5%, implying 11160 when this one (up 22.5% after seven months) completes its first year.  (TG)

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