CNBC -- critique. Message Board

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Pastimes : CNBC -- critique.

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To: Ian@SI who wrote (3941)	11/8/1999 10:21:00 AM
From: Arik T.G.	Read Replies (2) of 17683

We never exchanged our views, but if Mohan is on your Ignore list, please make me #5. To make the grade let me tell you that I am extremely bearish LT. IMO the major averages will lose over 75% of their current price in the next 4-5 years. A big depression will be both the cause and effect, and economists will argue for decades weather the collapse of the stock market bubble was the cause of the depression or was it the other way around. All I'm saying is that you cannot suppress the economic cycle forever, and the rubber band effect will cause the next down cycle to be tough. More acuteness and downside overshoot can be expected because almost no one is expecting or preparing for a down cycle. ATG

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