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Strategies & Market Trends : Waiting for the big Kahuna

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To: GROUND ZERO™ who wrote (58190)6/19/2002 9:48:41 AM
From: BubbaFred  Read Replies (1) of 94695
 
It is very similar to the Nikkei bubble burst that in 1990 which went from 40,000 to 16,000 in late 1992. It was followed by 2 years of hope and grope for recovery as it traded in the 15,000 to 22,000 range through year 2000. It then collapsed along with S&P from 20,000 in mid year 2000 to around 10,000 at the present. There were zillions of questions on companies accounting procedures and doubts on actual health of the companies' financials.

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