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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (10654)3/12/2001 7:58:25 PM
From: dean poets  Read Replies (1) | Respond to of 82010
 
It's looking more like 1929!

It's funny when people talk about the crash of 1987. It's funny they even call it a crash. If you look back at 1987 on a chart, you will notice it wasn't a crash, but a correction.

When stock markets crash, they go down for several years, and they stay down for 5-10 years. In a correction, they go down sharply, but then resume the upward momentum shortly after. I seriously doubt we are in a correction phase at this point. Stocks have been grossly overvalued for several years now. I thought we would see a crash at least 3 years ago. I guess time will tell us if this is the big crash or not, or just another correction.

Dean



To: Alan Whirlwind who wrote (10654)3/12/2001 9:37:55 PM
From: Tom Byron  Read Replies (1) | Respond to of 82010
 
or maybe 1929....:( ooops: i see some one jumped in first.

both the spx and nasdaq took out the july 20, 1998 high....today. and the nasdaq broke that 6 years + weekly uptrend line.

still saying gold is not going anywhere until after august, 2001....IMHO


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