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Non-Tech : Tulipomania Blowoff Contest: Why and When will it end?
YHOO 52.580.0%Jun 26 5:00 PM EST
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To: BelowTheCrowd who wrote (2461)1/6/2000 10:00:00 PM
From: RockyBalboa  Read Replies (1) of 3543
 
During every correction which started slowly, but quickly gained (downside) momentum, until either U-turning (Oct 98) or fading out, Summer fades, all sorts of catastrophic scenarios have been painted.

This time is different?
Well the economic cycle may be a bit more mature as we believed before. The interest rates all for sudden might play a small role, especially as the scenario does no longer imply falling rates.

Another difference, merely numeric. Well the 10%-20% decline may not be enough this time. Take that unique 60% Nasdaq run from October to now (4192 peak) and subtract 1/2 or more. My guess is 30% from the peak, which yields around 3000.
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