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Gold/Mining/Energy : Gold Price Monitor
GDXJ 113.23+0.6%Dec 16 4:00 PM EST
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To: Little Joe who wrote (11215)5/4/1998 11:59:00 AM
From: Enigma  Read Replies (1) of 116815
 
To what extent would a collapse in the Dow - or long bear market - reduce wealth and therefore purchasing power, and bring on a recession? It didn't happen in 1987 - people spoke of the difference between 'Wall Street and Main Street' but this has been a very long run, and there must be numerous collateral loans out there, and simply the general feeling of financial well being based on inflated portfolio values. People will quickly pull in their horns when the market (really) tanks.
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