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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: Boplicity who wrote (26618)12/21/2000 5:30:01 AM
From: Eski  Respond to of 65232
 
Perhaps the best definition of a recession is the one generally attributed to President Harry S. Truman, who said: “Recession is when your neighbor loses his job. Depression is when you lose yours.”



To: Boplicity who wrote (26618)12/21/2000 9:18:05 AM
From: DiB  Respond to of 65232
 
>I feel we are setting ourselves up for a 1987 like drop
IMO we already had that, Greg. It just took 8 days...

Dec 11: NAZ closed at 3015
Dec 20: NAZ closed at 2332
Net loss: 683, 22.6%

What's amazing is this: on October 19th, 1987 the DJIA closed down 22.6% for the day.


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