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.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (80558)	3/14/2001 6:30:07 PM
From: Jumper	Read Replies (1) \| Respond to of 436258

Real Man says round bottoms are good enough.

To: UnBelievable who wrote (80558)	3/14/2001 6:58:23 PM
From: Ilaine	Read Replies (2) \| Respond to of 436258

"This time it's different" because we're experiencing a wide spread macroeconomic turndown. My guess is that it will be more like the bear market of the 1970's than the 1930's. I think it actually says a lot about the health of the economy that it was able to absorb the bursting of the Nasdaq bubble as well as it has. Percent change in real GDP year to year in the 1970's after OPEC started reducing oil output - 1973 5.5% 1974 -0.7% 1975 -0.7% 1976 4.9% 1977 5.2% 1978 2.4% 1979 2.4% 1980 -0.3% 1981 2.3% 1982 -1.7% I wouldn't be surprised to see negative GDP growth this year, but to put it in perspective 1930 -12% 1931 -16.1% 1932 - 23.2% 1933 -4% 1934 16.9% 1935 11% 1936 14.2% 1937 9.7% 1938 -6.3% 1939 6.9% bea.doc.gov