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To: Cynic 2005 who wrote (10669)	11/7/1998 5:19:00 PM
From: Joseph G.	Read Replies (1) of 86076

<< BTW, Does this mean we are more like in 1927?>> Don't think so. Everybody went down at least 30 - 40%, but US. US$ caved in (went down) instead. But even so, commodities did not run up, particularly oil and gold are about where they were when $ was 15 -20% higher. Notice also that no major stock market run up close to prior high (Euro and Japan) but US. Of US stocks, mostly speculative darlings make new highs, or near, while resource-based (like major oils) and asset-based (like REITs) stocks are still down. It looks like winter of 1930, but without the full-blown US crash (in US$).

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