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Strategies & Market Trends : Stock Attack -- A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: NucTrader who wrote (40188)	1/6/2001 11:45:38 AM
From: Chris	Respond to of 42787

LG was on dow jones newswire.. congrats Message 15125209

To: NucTrader who wrote (40188)	1/6/2001 12:37:24 PM
From: J.B.C.	Read Replies (2) \| Respond to of 42787

All worthwhile charts and it is prudent to be cautious. Lets do a little investigation and ask ourselves are we comparing apples to apples. The 1929 crash, I look at the chart and see that they reduced rates from the very peak, so I have to conclude it wasn't an interest rate sensitive crash, or another way to say it is nothing they could do interest rate wise was going to save it. In the Nikkei crash they raised rates until ONLY about 25% of the peak value was surrendered then started cutting. But, I notice something else, it took three years to cut the Nikkei in half we've done that on the NASD in 10 months. In 1929 and Japan (I think) other exchanges like NASDAQ didn't ( don't) exist. There are plenty of stocks that I could have stuck my money in early this year (on NYSE) and easily doubled to here. My point is this, to compare what's happening here and trying to draw conclusions from an historical look see would be fooling yourself. History CANNOT repeat itself because nothing is the same. We may go down, we may go up I'm not sure. But I see little value in revisiting 1929 and the Nikkei. Jim