Bill Wexler's Dog Pound Message Board

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Non-Tech : Bill Wexler's Dog Pound

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12:11 PM EST

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To: American Spirit who wrote (8283)	9/12/2001 8:12:41 AM
From: Bill Ulrich	Read Replies (2) of 10293

Circumstantially, the Kennedy "market blip" isn't comparable. The '63 market was having a great year, anyway — up some 19%. Fed rates were already exceptionally low, government spending was quickly accelerating. The outlook for the following year was bright (and it was — economic growth exceeded inflation about 7x). November '63 sheds little hope as to what's happening currently. >>>>"Go ahead and panic. I already explained what happened after the JFK assassination when we had much less media communication and there was more confusion. First hour of market, way down, then shorts were creamed and the market popped right back to where it began."<<<<

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