Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (1480)	3/12/2001 1:00:17 PM
From: Ilaine	Read Replies (1) \| Respond to of 24758

I'm mesmerized by the selloff, because it seems like there is no "reason" for it, just as there was no "reason" for the bubble. I don't think there is a significant relationship between GNP and market cap. Something really terrible happened in 1929. Real GDP declined 12% in 1930, 16% in 1931, 23% in 1932, 4% in 1933, and then it started back up. We have only a decline in the GDP a few times since then - down 6% in 1938, down .3% in 1943, and down .7% in 1949. Even during the oil shocks in the 1970's, real GDP was growing at a rate of 6% up to 13%. GDP growth is slowing, but as of last quarter 2000 it isn't negative, yet.