Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: tradermike_1999 who started this subject	2/6/2002 7:50:24 AM
From: Baldur Fjvlnisson	Read Replies (1) of 74559

"The crash [of the bubble is] followed by a wind-down period, interrupted by numerous suckers’ rallies, which absorb cash from optimists expecting an early recovery. Ultimately, assets are deflated by about 90 percent"” (Davidson and Rees-Mogg, The Great Reckoning, Revised Edition, (London: Sidgwick & Jackson, 1993), p.146).

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