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To: Perspective who wrote (94986)4/16/2001 11:04:37 PM
From: AllansAlias  Respond to of 436258
 
We disagree. If you fold the NASDAQ into the NYA you get a chart that looks nothing like 1929-1932. The bear market we have seen so far has been a slow burner in non-tech that goes back, some would say, to 1998. As you say, tech approached half of the S&P 500, and half of it giving just doesn't cut it if you want to compare it to 1929-1932. There are still places to hide, but back then there was nowhere to hide. They are not the same yet at all.

Financial markets? If you have your money in financials you're doing well compared to the average clown. It has more or less gone sideways since 1998. What are they now? -- 12% off the ATH?