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To: Ron Mitchell who wrote (53496)	6/9/2000 8:32:00 AM
From: Kip518	Read Replies (1) \| Respond to of 99985

the '87 stock market crash was not followed by a recession Ron, not quite true. The Northeast U.S., because of its dependence on financial institutions & the stock market as business, went immediately into a recession. It took almost 10 years for the real estate prices to recover to pre-crash levels. Granted the rest of the country did not suffer as badly. However, I agree, that it will be different this time.

To: Ron Mitchell who wrote (53496)	6/9/2000 8:56:00 AM
From: Tunica Albuginea	Read Replies (1) \| Respond to of 99985

Ron Mitchell, the crash of 87 as I remember off the top of my head was not caused by interest rate hikes but rather by Government " talk " ( by Sen.Mitchell? and Reagan's side kick Baker )to start protectionist trade fees. This time we are looking at a slowing economy with slowing earnings.If earnings are disappointing is the market going to go up? TA Message #53496 from Ron Mitchell at Jun 9, 2000 6:24 AM ET Tunica, the '87 stock market crash was not followed by a recession. A recession later this year is a distinct possibility, but not a certainty.

To: Ron Mitchell who wrote (53496)	6/9/2000 9:14:00 AM
From: bobby beara	Read Replies (1) \| Respond to of 99985

>>>>the '87 stock market crash was not followed by a recession. A recession later this year is a distinct possibility, but not a certainty.<<<< not immediately, but it was an indicator of a topping business cycle, which peaked in 1989.