Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (14768)	3/8/1998 3:14:00 AM
From: paulmcg0	Read Replies (3) of 94695

[Support level #2: 7,100] Probably the preferred choice - a 15-20% correction hopefully over time so people don't panic too much. [Support level #5: 2,700] Scary, but a real possibility -- the Dow fell 90% during the Great Depression. A Southeast Asian style market meltdown with profound consequences for America. These consequences, would include lower tax revenues for years to come (millions of people claiming the $3,000 capital loss deduction per year), huge government budget deficits, large-scale unemployment, retirement postponed or cancelled for the "Baby Boomer" generation, tens of millions of bankruptcies, etc. Paul McGinnis

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