Portfolio strategies

Does 2007 = 1987, 1973, 2000 or 1929 on Wall Street, when bear markets of respectively -34%, -46%, -49% and -90% began? That is the big question on most investors' minds. The typical answer would demonstrate a detailed knowledge of the material and conclude with a balanced response that left the reader confused at a higher level of sophistication. That would apply whether this was a finals paper or an investment report. However I only have 500 words, so I will have to question the question after briefly disposing of the conventional response. 1987 can be ruled out because then the col...