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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: PaperChase who wrote (68311)10/12/1999 6:33:00 PM
From: pater tenebrarum   of 86076
 
PC, i agree that the Fed will try to come to the market's rescue and that a very big one-day gain may result SHOULD the market take a serious tumble. however, i believe that the bursting of the current bubble may ultimately be more akin to the early '90's experience in Japan...after the big bounce following on the heels of the crash a severe bear market followed. i know it seems an unlikely outcome for many people, but at some point the price for the bubble's excesses has to be paid. sorry if i sound overly bearish....
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