SI
SI
discoversearch

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 : Tech Stock Options
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Tom Trader who wrote (31298)12/15/1997 9:22:00 PM
From: Nancy  Read Replies (1) of 58727
 
Tom,

From John Murphy - FWIW (I wish the person who used to post John Murphy's weekly commentary continues to do so - couldn't remember who offers this courtesy to the thread)

Subject: THE John Murphy's take on what's happening
Date: Mon, Dec 15, 1997 01:33 EST
From: JBuck10447
Message-id: <19971215063300.BAA22288@ladder02.news.aol.com>

The folowing is a small exerpt of John Murphy's - late of CNBC - comments on the present senerio.

""FOLLOW 1929 SCRIPT.NOT 1987 Rising rates and rising commodities produced
the 1987 stock market collapse. Since those elements are missing today,
the assumption is that everything is okay . We suggested some months ago
that the 1929 economic model was much closer to the current situation.
What caused that market peak was falling commodities and falling
interest rates, in other words - deflation. During the following three
years, commodities and stocks fell while bonds moved higher. If we're
right on this, most of Wall Street (and their media spokespeople) are
following the wrong model. Please don't get the impression we're
predicting another 1929 crash and an ensuing depression. Things can
happen in different degrees. We're simply pointing out that the
situation during the late 1920s is much closer to the current situation
than Wall Street realizes. Activity in the commodity, bond, and stock
markets since the summer have been following that 1929 script pretty
closely. By the way, the U.S. market was the last global stock market to
fall in 1929. Everyone else peaked ahead of us -- sound familiar? """

JB
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2026 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News