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Strategies & Market Trends : The New Economy and its Winners

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To: 16yearcycle who wrote (13522)	8/19/2002 1:44:09 PM
From: Lizzie Tudor	Read Replies (2) of 57684

Either way, we are either correlating most highly with 1932 or 1970. The run from both time frames was mind boggling. I understand the temptation to try to superimpose the past onto any mkt period, but since my family was practically the only lifeform trying to do business in California in the 70s I just can't see the parallels. The unions were in complete control of big industry, strikes everywhere grocery clerks, autoworkers retail you name it, tax rates topped at 90% or so, no incentive to make money and a general distaste for government, way too much gov't spending. American productivity in the 70s sucked. Consequently, you had a bear mkt when all of these realities hit home. Secular or whatever you want to call it. I read there was a bear mkt in 1901. TA aside, from a fundamental perspective I would look at THAT period for parallels- you had the gay 90s aftermath and the task of making all this disjoint ingenuity actually productive. Thats what we have here, I believe. We are not "done" inventing, we are still on phase one. Especially wireless. End of rant. Its amusing watching you on the TA threads, I read them once in a while. Lizzie

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