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Strategies & Market Trends : Paint The Table

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To: Patrick Slevin who wrote (2662)	11/18/2001 9:53:53 AM
From: Augustus Gloop	Read Replies (1) of 23786

Well...I'm no economist so I don't know either dood <g> My guess would be a combination of war, the resulting industrial buildup and a change in psychology. If you think about it when the actual crash happened people were focused (much like 2000) on the surging market. Times had been very good and at that point WWI was a distant memory. So when the crash in the market happened it took center stage and thus created a depressing lead story on a daily basis. It was huge! But, later on when lives were on the line suddenly investment returns seemed secondary to real life. People focused more on the day to day life and death story of the war. So, when the War ended the psychology was so upbeat I think they almost forgot the depression in the financial markets and thus broke a key element in every recession / depression. That element being the one between their ears. Make sense?

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