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Strategies & Market Trends : Rande Is . . . HOME

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To: rocklobster who wrote (43746)12/19/2000 12:58:42 AM
From: Greg S.  Read Replies (1) of 57584
 
actually, if you take a $10 stock and it runs up 600% or 1000%, a sixty or ninety percent drop still leaves it at $40 or $10.. so the question is, did they really deserve to run up 600 or 1000 % to begin with.. the market, even at todays levels, has still appreciated enormously from levels of only two years ago...

Yeah, I was aware of the math .. just simplifying the argument. ;)

Fortunately for investors, the biggest one at this time may be the bad debt problems and junk bond issues

Speak of the devil, what are the most recent numbers on consumer debt? The crash in April was precursed by (among other things) a rather outrageous climb in consumer debt (as a result of increased spending and a drop in savings without an equitable increase in "cash" earnings, plus the margining of securities and mortgaging of property) I was just wondering how much the numbers have come down since earlier in the year ..

-G
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