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Strategies & Market Trends : Roger's 1997 Short Picks

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To: Timoteo who wrote (4076)7/18/1997 3:56:00 AM
From: hasbeen101   of 9285
 
at the risk of sounding alarmist, there are some similiarities to 1929 with this latest bull run.

I agree, but thankfully, as you indicate, the fallout will not be as severe if we have a crash this time around.

1987 demonstrated that contemporary monetary and fiscal policy provide much better shock absorbers than existed in 1929. Al Greenspan is a clever guy, he'll do a good job.

Also the globalisation of financial markets means that the load will be shared more widely. Wise US-based investors will have some funds in international markets to guard against US market setbacks.

Finally, there was a nasty little man called Adolf Hitler who cuased a bit of disuption to the world economy during the 30s and 40s.
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