The Millennium Crash Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : The Millennium Crash

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Rarebird who wrote (702)	9/10/1997 10:10:00 PM
From: Highpockets	of 5676

To All I've been lurking around here for a couple of weeks and really enjoy the exchange of ideas. Here is my contribution and it comes from the Fred Alger Management Market & Economic Review. Alger manages mutual funds so you have to factor in that their reports may be a bit self serving. Anyway, here are some comparisons between 1987 and now. The dollar is strong not weak Commodity prices have generally been soft, not rising rapidly Inflation is not rising rapidly, some say there is no inflation There is no banking crisis Short term rates have not risen anything like 150 basis points during the course of 1997 Just prior to the '87 crash, there was talk of an $8 billion tax increase. We just had a capital gains rate cut. The long-bond is over 300 basis points lower than it was then. This is not to say we are not due for a correction, but a crash? Just thought I'd muddy the waters a bit. Highpockets

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next