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Technology Stocks : Identix (IDNX)
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To: brad greene who wrote (19365)12/6/2000 2:43:50 PM
From: Ron Ohio   of 26039
 
Tuesdays huge rally is normal in a bear market. In '30 to '31 there were 9 such rallies.

What about a recession? The Fed's policies, energy prices, loss of huge paper profits from the markets drop, takes spendable funds out of the market place -- and consumer demand falls.
Recessions are caused by the downward mushrooming effect of paper losses, job layoffs coupled with pessimistic thoughts that develop.

Normally the wilder the up move, the deeper the down move. After the past few years, we would be extremely lucky if we only had a mild downturn. Even if the Fed went to an easing policy in the next month it would take 6 months to a year to take effect on the economy. However, the one policy the Feds can't control is energy prices. Our energy policies have left us more than ever dependent on the Arabs.

Any way that is the way I see it from the nifty fifties to the present.

Ron
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