Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Kid Rock who wrote (3381)	5/2/2001 10:14:24 PM
From: Ilaine	Read Replies (1) of 74559

Hi Kid - you're right - we could very well simply be at a breathing point in the longest boom in recorded history. In 1929, the Fed was trying to kill the stock market boom - not now. 5000 banks failed in the 1920's - prior to 1929. We don't have that. In the Great Crash, from 1929 to 1932, the US market cap of all equities traded on the NYSE went down 85%. We don't have that. We may, or may not, have a recession. We may, or may not, have inflation. We may, or may not, have stagflation. The economy screeched to a halt in the last quarter of 2000. We do know that. We don't know where we are going next. My own nature forces me to only buy shares in companies I like and trust that are selling at a good price and have a good future. I can't do it any other way. Right now, I'm not buying anything.

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