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Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks
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To: Jack Hartmann who wrote (5501)1/22/2008 8:33:55 PM
From: Jack Hartmann  Read Replies (2) of 6927
 
1987 vs. 2008
For stock market historians, there are some interesting similarities between the economy and the stock market in 2007 and 1987:

--In 1987 the U.S. dollar was in a severe multiyear decline against other currencies, just as it is today. As a matter of fact, the dollar decline back then was the most severe since the establishment of the Breton Woods Treaty.

--The Fed shifted to a loose monetary policy in late 1987, deciding that it could no longer defend the dollar with a tight monetary policy. A similar situation exists today, except that the current Fed today stopped raising rates over a year ago, as opposed to reversing course in the middle of 1987.

--The housing situation was deteriorating with concern about a potential recession, as it is today.

--Financial storm clouds started to appear on the horizon due to junk bonds and the S&L crisis back in 1987. Today, those clouds loom because of the subprime loans and the credit crisis. Does this sound familiar?

--The next year was an election year with a new president to be chosen.

--The national government was split between a Republican president and a Democratic Congress.
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