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To: Ilaine who wrote (80577)3/14/2001 7:07:38 PM
From: chic_hearne  Respond to of 436258
 
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.

CB,

The Naz all time high was only one year ago.

The casino is an addiction. To break that addiction the first stage is denial, that's where we're at now. Joe 5 Pack still believes things will come back any day now. There's no need to panic yet. People are only beginning to change their lifestyles, but still believe it will only be temporary.

This reality that things aren't coming back hasn't even started. Then we'll find out more about the health of the economy. JMHO

chic



To: Ilaine who wrote (80577)3/14/2001 7:12:21 PM
From: NOW  Read Replies (1) | Respond to of 436258
 
I think you are right in one sense: the BEARS have been amazed at the APPARENT resiliency of the economy to a maasive crash in the Nasdaq. But who knows what size of an iceberg lies just beneath the surface. And AG may have been successful in keeping the home financing shenanigans going to keep confidence high enough so things dont die just yet...


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