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Pastimes : Ask da_cheif
MVIS 0.850-3.4%Jan 23 9:30 AM EST
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To: Moominoid who wrote (6720)11/5/2001 4:58:31 PM
From: Chip McVickar  Read Replies (2) of 8150
 
David,

If one looks at the charts starting from the 50's and 60's, you'll see the present correction is not out of proportion from other market declines.

From the monthly Pitchfork charts, I can construct an argument that the markets have not even moved into bear market territory. Just corrected within the dynamics of the braod history of the markets. There's solid evidence that where we stand today is well within support.

Leaving aside unexpected and outside shocks to the economic and financial realities..., the worlds financial conditions should remain stable. It is my hope and belief that wealth created out of this modern system can be broadened and become more inclusive..., reaching even more people than it has.

Chip
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