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Strategies & Market Trends : P&S and STO Death Blow's

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To: 16yearcycle who wrote (12244)10/25/2002 3:40:41 PM
From: James C. Mc Gowan  Read Replies (1) of 30712
 
Eugene, this article by Rogers puts that event in perspective, I believe.

jimrogers.com

No doubt, when the Fed wants to support the indexes, they have shown the will to do it. But earnings were not in a major decline, and debt was not the burden it is today.

Still think that a meaningful correction back in 1998 would have avoided much of this pain for the market and boomer retirees, that is now inevitable.

Lets see how far they can pump the market this time around.

James
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