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To: LLCF who wrote (10895)2/27/2001 12:43:27 PM
From: MulhollandDrive  Read Replies (3) | Respond to of 13572
 
Consider the wealth destruction of the baby boomers as a result of the Fed targeting the stock market.

Consumer confidence at the lowest point in 4 years. Surely there is a correlation to the balance sheet on the retirement accounts.

Bank of Japan has had a zero interest rate policy for years, yet Japanese consumers do not buy. They're still recovering from the crash of the Nikkei.



To: LLCF who wrote (10895)2/27/2001 12:46:14 PM
From: Paul Kern  Read Replies (1) | Respond to of 13572
 
In the great Hoover Recession, as it was called for a while, the market didn't bottom until 1932. There were a lot of sucker rallies followed by lower lows.

Paul



To: LLCF who wrote (10895)2/27/2001 2:23:16 PM
From: Boplicity  Read Replies (2) | Respond to of 13572
 
such a pleasant thought, thanks for bring a little sunshine to thread. <g>

Greg


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