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To: radames who wrote (76856)9/7/1999 2:21:00 PM
From: Robert Rose  Read Replies (1) | Respond to of 164684
 
all your points are well-taken. and for now i am comfortable. even tho i may regret that. after all, most of us do not have most of their exposure in this sector alone. nor do most of us choose to live off it further. nevertheless, it is 11:19 am pst and i am staying put for now. thanks for your input. rob



To: radames who wrote (76856)9/7/1999 2:42:00 PM
From: Lizzie Tudor  Read Replies (1) | Respond to of 164684
 
ag thinks the market is a bubble and very similar to the 20's,,

I'm a fan of historical documentaries and recent history, and I have discovered that due to 1929 mkt crash, more people remember the go-go 20s vs. the 1890s (gilded age), or 1910s, etc. You could make a case that all of these periods were a sort of bubble economy and yet there was only one market crash which happened about 40 years into the mania. There were a number of recessions along the way and fwiw a few of these on a chart look exactly like 1929 in terms of bullishness and digression in the mkt... the magnitude was the major difference, along with loosening margin requirements of the 20s that didn't exist before. I have never seen an effective argument by anybody to convince me that 1999 is more like 1929 vs. 1909 or 1919, fwiw.