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To: MythMan who wrote (50715)7/6/1999 11:16:00 AM
From: Lucretius  Respond to of 86076
 
1987 was a different animal than this beast... if a crash occurs.. the economy is destroyed.. of that I am sure .

whether there will ever be a crash? that I am VERY usure of.



To: MythMan who wrote (50715)7/6/1999 11:18:00 AM
From: John Pitera  Read Replies (2) | Respond to of 86076
 
~~I'm not convinced a crash will kill the economy. It
didn't in 1987.. ~~ I don't think there were 500 public net companies and 1000 or 2000 other companies that had been bid up by the unlimited prospects of the internet.

Having Japan in a full fledged liquidity boom helped quite a bit as US companies could sell off assets buildings, real estate etc. to the Japanese.

I take it you are pretty sanguine of Y2K fall out to the global economy?



To: MythMan who wrote (50715)7/6/1999 1:48:00 PM
From: Mike M2  Read Replies (1) | Respond to of 86076
 
MM, HO HO HO to you. One critical difference between now and 1987 was in 87 the world economy was growing now we have only the US consumer spending supported by dissaving, ever increasing debt and da wealth effect of the great bubble in history. Another ting is the increased proliferation of derivatives -they tend to amplify moves in the market so far it has been up one mythical day it will be down. tough love delayed is tough love intensified. Mike