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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: tradermike_1999 who started this subject3/16/2001 7:14:53 PM
From: FrozenZ  Read Replies (2) of 74559
 
In the 1990's all we had was the internet to mark the new era. In the 1920's they had railroads, cars, electricity, radio, telephone and mass production creating a new era. Think about what a shift it was coming off a farming economy into a new modern era where you just flick a switch and an electric light comes on. You get rid of your horses and just get into a car and go anyplace. The new era they went through was much grander than what the internet created. That's why after the 1929 crash they were able to recover in only twenty years. Because the world really had entered a new era. We, on the other hand, have only entered into a piss ant new era. I mean how much have dot coms really improved things? Therefore our mania may be much harder to recover from, with a lot less to show for it.
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