Fuddle,
Just as a point of info I can remember doing a comparison of 1987 to 1929 and alot of the parallels surrounding the two corrections.
1929 lost 2/3rds of it's value'
1987 lost 22.6%
There were things like curriencies,employment or lack thereof,the Treaty of Utrecht after the first world war,educational levels,gold as a standard backing currencies,inflation,interest rates,governments,market controls,margin requirements,and a host of other things.
I remember the comparisons that were drawn and discounted.I remember the external forces being discussed that were non-existent in 1987.I remember the sophistication of the market in 1987.So many complex factors that have been corrected or are non-existent now.
I will try and find the info and the research that was done.I have it somewhere here in a file.Just have to find it.
I realize that we will have differing opinions and respect that.After all that is what helps to make our markets.
THE OSPREY |
