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

To: DebtBomb who wrote (21080)	5/8/2001 12:48:01 AM
From: dday	Read Replies (1) \| Respond to of 37746

Dale, Are you suggesting that you can predict the market? <gg> Are you suggesting you have a crystal ball? <gg> This 1929 - 2001 debate has been discussed before. In general, I can tell you this: I would not be using the economy as a tool to predict the stock market. period. Many who have, then dined on the broken glass of that crystal ball. But, since you have chosen one aspect of the 1929 era to examine, please answer a few questions so we can put things in perspective and make a valid comparison: What were the 30 Dow stocks in this period? What was their dividend yield? What was the divisor? What other government policies were instituted at that time regarding taxes, tariffs, margin etc.?? What were income tax rates at that time? What were capital gain rates at that time? How many states in the union? What hours was the market open and how many days per week? How many mutual funds existed and how much in assets did they hold? How many pension funds existed and how much in assets did they hold? Who regulated the markets at that time? What were the rules on the exchange that existed at that time? How may exchanges were there? I could go on, but let's start with these questions for now. Market action alone will tell you which side to be on as a "trader." As is often said, "stocks don't move"....................."money moves stocks". Regards Bob