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Strategies & Market Trends : The Millennium Crash
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To: Thomas C (Hijacked) who wrote (683)9/6/1997 10:37:00 PM
From: Tommaso   of 5676
 
Given the placidity of the world right now thereis no telling how far folly can go.

I do keep hoping that the United States has experienced enough busts over the last 200 years so that we won't proceed to the point of the Japanese. In 1990 a thread such as this could not have existed in Japan because their was no cultural memory of giant economic contractions. I remember sayin, "Those poor people have never had a crash!" They had plenty else, including total defeat and nuclear bombing, but not self-inflicted economic wounds.

It would have been better if there had been a 25% correction in the US stock market two years ago, but now that it has carried on to this point it has to be a lot more drastic. And those of us who have missed out on the incredible prolongation of this bull market can't help hoping to make some money off its demise.

But if you consider merely the military follies of our century, you see how far people can go chasing an idea. I am just grateful that there is no government regulation that compels me to put money into the stock market. Some people want to do just that with Social Security. But no one is issuing patriotic appeals to me to buy into one of the 2000+ mutual funds that now exist.

Despite its losses in recent days, I still believe in BEARX. And am ready to short SPY on any further moves to the upside.
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