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Pastimes : Home on the range where the buffalo roam
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To: Boplicity who wrote (8520)1/5/2001 1:30:50 PM
From: Walkingshadow   of 13572
 
Greg,

Not sure what you mean there. I don't think there's anything different about now, vs. the last 87 years, or 187 years for that matter. The common thread is that all markets must, eventually, regress towards the fundamental conditions and driving forces of the macroeconomic environment in which they are situated. The further the temporary discordance, the stronger the tendency to snap back, and even overcompensate. What is happening now, slowly, is that adjustment process, IMHO.

Terry
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