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Strategies & Market Trends : Waiting for the big Kahuna
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To: Oeconomicus who wrote (50660)3/30/2001 8:50:41 AM
From: Skeet Shipman  Read Replies (1) of 94695
 
Maj. Lemming,
I thought the comparison to the 1929-33 period would be of interest to those who are overlaying charts and making dire predictions: Twenty-six declines of 10% or more. <Another Great Depression> I doubt it: Much stricter margin requirements, more highly capitalized banking system, and stronger world economy. What percentage chance would you put on another Great Depression? I would put it at 1/4 to 1/2 percent chance, 1 in 200.
Skeet
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