BGP writes:

I would like to hear what those who are retired did in 1987 - or maybe what they did not do but think they should have done. What can we learn and are there means to negate or reduce the impact of a bear market and time to return of old peak??>>

Yes, and it's quite simple to me. I simply keep any money I know absolutely I will spend in the next five years out of the stock market. I do that by looking at my income flow and projection over five years to determine what must come from my investment stash. That sum stays out of the stock market at all times. I've written a column or two on that which you can find in the archives at http://www.fool.com/retirement/retireeport/2000/retireeport2000.htm.

Regards..Pixy

Regards..Pixy