Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: Bilow who wrote (9341)	11/9/1997 8:45:00 AM
From: GROUND ZERO™	Read Replies (1) of 94695

Hi Bilow, Had the Federal Reserve acted in 1929, there would have been a severe recession, not a depression. The market popped in 1929 because it was the end of the industrial revolution which began back around 1870. By 1929, there were too many companies with too little demand. The end of the industrial revolution began the depression because there was an excess of companies, not an excess of inventories as in a recession. Today, we're at the beginning of a cycle, not the end of one. This is the age of the computer revolution and it has only just begun. There will be market excesses that will need to be worked off along the way, but I believe the market may have many miles to go before the party is finally over. GZ

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