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Strategies & Market Trends : The Art of Investing

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To: Sun Tzu who wrote (24)	9/2/1998 6:13:00 PM
From: Sidney Reilly	Read Replies (1) of 10659

I thought a recession was several quarters in a row of negative economic growth and a depression was some more quarters of negative growth added to that. We have had several recessions since the 1930's depression but no more depressions. I don't think we are headed for depression. One reason is the news media is hyping the don't panic because the market will come back line every time the market dives. So does Louis on Wall Street Week! The consumer confidence is the key to the whole thing. They know it and are going to say whatever they have to, true or not, to keep everyone from stampeding to the exits. The stampede to the exits is what will bring us into depression. When people sell at a 50-60-70% loss of their retirement they will stop buying everything and the economy will shrink drastically. But when investor's don't panic sell and stay in a potential disaster is averted and it becomes a "healthy" correction. And we are all better off for it.

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