CNBC Guys - The Hunks of Financial TV Message Board

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Pastimes : CNBC Guys - The Hunks of Financial TV

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To: Greta Mc who wrote (3283)	8/11/1998 1:52:00 PM
From: Sandy	Read Replies (2) of 5936

I think there's too much attention to the number of points the various indices are down. To me the only relevant figures are percentages. To approach the severity of the 1987 crash, the Dow today would have to decline over 1500 points. The markets have become overextended but I don't think the conditions are present for a true bear market. I think the important figures are the rate of inflation and interest rates. Remember in the late '80s when you could walk into your local bank and get about 9% in a money market? Things have changed. There will be problems along the way but the bull market will continue for a good while and will be fueled to a large extent by the technological revolution we're still only beginning. Sandy

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