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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?

To: Bid Buster who wrote (12166)	3/18/2001 11:01:30 PM
From: Sharck	Respond to of 37746

shibumi.org

To: Bid Buster who wrote (12166)	3/18/2001 11:05:12 PM
From: Mike M	Read Replies (1) \| Respond to of 37746

Hell man, you have to live with yourself, don't you? The market bottomed in '32... I'd explain it to you but you're comfortable in your ignorance and I don't have time to waste on bores.

To: Bid Buster who wrote (12166)	3/18/2001 11:40:20 PM
From: dday	Read Replies (1) \| Respond to of 37746

Bid, There is a difference in what you each have posted and both have merit. The history books tend to agree with your counterpart in this case. The Fed did little in '29 and was raising rates according to your data prior to '29. The Fed can be active in many ways other than just raising and lowering rates. It is the subject of much debate among economists, always has been. Regardless, I think comparisons to that age are difficult for myself. Why? The Dow components were so much different at that time. Most were industrial companies....closer to the cyclicals of today. We now have IBM, MSFT, INTC, HWP in the Dow along with a number of financials. Only a few cyclicals remain. Our economy was much different in the late 1920's. We were industrial and manufacturing based while today it is service and information oriented. The entire global economy was different...etc. etc. I think that is why most observers have ignored the stealth bull market of 2000-20001. From March of last year to March of 2001, there are countless stocks trading above their 30 day moving averages (at least until very recently). Many many regional banks(PNC, MEL, MTB) , defense oriented(LM, GD), oil related,(you name it) food (HSY, MO), beverage (PEP), commodity plays (AA, AL) etc. etc. have hit at least 52 week highs with many surpassing multi year highs. It was these very type stocks (the Deeres, Catepillars, rails etc.) that crashed in 29. I could go on and give you a history lesson chapter and verse on why today is not remotely close to 1929 but I will spare you that for now. Good luck with your trading. I post infrequently but find this to be one of the more informative trading sights. And, disclaiming required, please do not interpret my post as a recommendation to buy or sell anything anywhere, anytime anyplace. Just my humble opinion. Regards, Bob