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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: AllansAlias who wrote (22467)9/28/2000 12:59:31 AM
From: Perspective  Read Replies (1) of 436258
 
While I agree that there will be no '29 repeat, my most likely scenario involves a 70% drop to the bottom from the Naz high over the next 18 months. I believe that the market is a reflection of the aggregate excesses at work in the economy, and the intensity of recessions seems to be influenced by the extent of the excesses that preceded them. So with Naz at 1500, we'll then have to see how much positive feedback is really in the system. Without easy financing for corporate America, we may find ourselves mired for a decade like Japan.

Naz high will stand for at least five years, maybe ten, maybe more.

BC
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