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To: Robert Rose who wrote (108485)9/15/2000 2:56:42 PM
From: GST  Read Replies (1) | Respond to of 164684
 
Rob: What would a global recession do to US financial assets? Do the math Rob -- we could see a fifty percent drop from here with no relief until 2002-3. When earnings growth slows, multiples get compressed AND they are compressed on smaller earnings and growth rates. Think the market can't get cut in half??? Do the math Rob -- these are the good old days. We will be saying -- oh, I remember when my stock was selling for ????? I never thought the one of the "leaders" could drop 80% in price!! Good luck.