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Technology Stocks : Cisco Systems, Inc. (CSCO)
CSCO 74.59+0.3%Jan 23 9:30 AM EST
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To: Ed Robichaud who wrote (15548)8/2/1998 11:25:00 PM
From: Gerald Walls  Read Replies (1) of 77400
 
DOW 6000 by 2000??????
This is absurd! For the market to move (crash) to 6000 all-out anarchy will occur first. To hit 6000 would mean the entire world will collapse.

While unlikely, this is not outside the drop of a normal bear market. A drop to 6200 is only about 33% from the peak. In October 1987 the Dow dropped what? 20% in one day? That was 500 points out of 2500. I believe the week before it was down over 100. I don't remember any anarchy then.
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