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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Terry Whitman who wrote (32514)4/11/1999 11:44:00 PM
From: wlheatmoon  Read Replies (2) of 86076
 
Premises for no BK....correction, maybe, but not BK...

1. jobs are abundant.
2. interest rates are stable.
3. inflation is manageable.
4. most people who invest for the long term have been conditioned to believe that there is no dip that won't quickly recover.
5. most people won't care much if the DOW drops 2500 points.
6. most investors are not leveraged, so there won't be a cascade of sell-offs.
7. there is a new paradigm.
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