Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: TobagoJack who wrote (33092)	5/6/2003 6:55:23 AM
From: Maurice Winn	Read Replies (1) of 74559

<There may come a time when people will want things as opposed to cash> Jay, with returns on investment [whether Nasdaq or US$] being in the realm of 1%, a lot of people who are still hanging on, hoping, might find that the necessity to pay rent, mortgage, buy food, petrol or CDMA2000 cyberphones will mean they simply have to exchange their $s or shares for the essentials of life. From bits and pieces I've seen, I have a sneaking suspicion that a some adaptation to the declines of the past 3 years is not yet over. Which is not to say that markets will continue to decline. But maybe the number of people who have to turn cash into essential things won't exceed the number of people selling things, such as cyberphones, collecting deluges of cash which they wish to turn into various financial instruments. There's never been a time when there wasn't a lot of market clearing going on, so it's not as though there's a vast difference right now. But this one has been a huge house cleaning programme from the Y2K peak. Heading into the 4th year now. Mqurice

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