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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: Terry Whitman who wrote (3946)	3/23/2001 1:18:58 PM
From: Paul Shread	Read Replies (1) \| Respond to of 52237

>>Unemployment was at 25% in the 30's<< Point well taken. And two banks failed per day during the "boom" times of '24-'29. And 30% of all stockholdings were on margin at the peak. A lot of downside fuel there. On the other hand, we've never had such widespread participation in the stock market before. So what effect would a prolonged stock market downturn have? I assume we are in uncharted territory there (but by no means 1930s bad). The Dow looks okay here, but it doesn't begin to hit resistance until 9650-9800 at this point, IMHO.