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Non-Tech : The Critical Investing Workshop -- Ignore unavailable to you. Want to Upgrade?

To: Dealer who wrote (11043)	4/5/2000 12:17:00 AM
From: marginmike	Read Replies (2) \| Respond to of 35685

Markets crash because fundimentals change, or an external event(war etc) sparks a selloff. In most cases a crash consists of a drop of 30%(like in 87, and 98) We had that today. What does a big one mean? A fity percent crash like the one in Japan?? I have been as bearish as anyone, and can forsee a sideways market taking hold until Jan. However a big Kahuna type crash is what happened today, and dont think we will see any lower this year. The economy is growing at 7% and profits are at record levels. The sycronous growth started last year is just hitting stride arround the world. The fundimentals are sound. I would only predict a crash if China invaded Taiwan etc occured. Otherwise I would worry more about a sideways Bear market then a horrifying crash. There were people wiped out and the market psychology will change after today. That was a crash as sure as 87 was and its done. DO we retest that low maybee, but the market aint going down much more then that.