Stockman Scott's Political Debate Porch Message Board

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Politics : Stockman Scott's Political Debate Porch

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To: t2 who wrote (25051)	8/10/2003 10:44:04 PM
From: Lizzie Tudor	Read Replies (2) of 89467

Well, all I know is that the 4 or so "bubble" or froth periods I have lived through (83 tech, 89 tech, 89 CA real estate, 99 internet) all crashed. Then the 80s bubble assets sat around at the lows for awhile, while a whole bunch of people said they were going to get cut in half again. After a while they started to rise. The churning period was essentially the bottom. I can't think of an asset class that did a crash and a secondary (lower) crash in the last 50 years. We've shifted money around in the US since reaganomics, and we won the cold war. This the reason houses don't cost 35K anymore, as they did in the 70s. There are some people that think houses should go back to those levels even today. I suspect stocks follow the same principles. We're just going to churn around here I think. For amzn, ebay to break their old lows would require a massive recession. Could happen, I doubt it though.

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