Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Maurice Winn who wrote (70379)	9/15/2008 4:00:02 PM
From: carranza2	2 Recommendations Read Replies (1) of 74559

This indeed 'feels' like 1987 to me though I know how imprecise and squishy using the word 'feels' must seem. Thanks to computerized trading limits, we will not see an 1987 crash like the one we had on Black Monday. I was only beginning my capital accumulation at the time so the crash was not a big deal to me. Plus, no internet and thus no huge amounts of information made it somewhat uninteresting. I think the trading limits should be abolished. It is probably best to have a few big events than die a death of a thousand cuts. Mq, one of my core beliefs is that greed is the source of all evil and of most things that end up badly. I firmly believe that we are primarily seeing the unwinding of greed not the unwinding of leverage though of course the two go together like coffee and sugar. Those of us who live reasonable lives, who are prudent, who are not fixated on money-grubbing and filthy luchre, will be fine. The scum will be cleaned out but will return for that is the inflexible nature of things.

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