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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (20755)	7/22/1999 1:38:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

i agree that quite a few of the 'new era' dogmas are figments. we simply have a typical bubble economy with all the attendant hallmarks thereof. i often hear that today cannot be compared to the '20's, but that is erroneous as well. on the contrary, the 20's are the only comparable 'era' i can think of. it had the same combination of credit and stock market bubbles, productivity growth and low inflation that we see now. and i have no doubt that this 'new era' will end in a way not dissimilar to the last one. of course no-one knows when the end will come, but future generations are guaranteed to look back at the '90's in wonderment. hb