Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: wanmore who wrote (44145)	10/21/1999 10:01:00 AM
From: Jack of All Trades	Respond to of 94695

Agreed follow the channel which is currently down...

To: wanmore who wrote (44145)	10/22/1999 2:10:00 AM
From: Zen Dollar Round	Respond to of 94695

One more tid bit. In 87 we had a 500 point drop in the DOW. That was about 22%. In 98 we had a 500 point drop in the DOW. That was about 6%. If we have a 500 point drop from here it would be under 5%. To have a 87 style crash we would need a 2288 point drop on the DOW. Let's get real. This would never be allowed to happen. IMO the BK (as far as a one day event) is history , never to be repeated. Never say never. In general, I'd agree with you, and the possibility of a drop that large in a day is an impossibility when you consider only the things we deal with in the normal realm of factors. However, should some global catastrophe occur like a nuclear war, worldwide viral contagion, or even detrimental contact with extraterrestrials, the market will fall and fall like you wouldn't believe. If it's bad enough, stocks could essentially become worthless since no one will be concerned about theoretical values of ownership of a company. Hell, no one will be working in the market to make the trades! Things with real value like food, water and shelter will become valuable. Think total social collapse. Think anarchy. Think APOCALYPSE. Just trying to get you to realize ALL the possibilities here. I'm just a lurker on this thread and will go back to doing so, but I just had to respond to your sweeping generalization.