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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (3809)	5/20/2001 10:59:50 PM
From: westpacific	Respond to of 74559

Yep - in 1996 the NAS had not collapsed. It still has not recovered. Much has changed in 5 years. Totally different now. Myself, I was no bear in 1996 - and still not saying market cannot go higher. Just saying that now NAS has collapsed the game has changed in a big way. West

To: LLCF who wrote (3809)	5/21/2001 7:53:09 AM
From: Ilaine	Read Replies (1) \| Respond to of 74559

Whatever. There's a big difference between a bear market and financial collapse, IMO. When we were talking about BK (the Big Kahuna), we weren't talking about a bear market, we were talking about financial collapse. TL&EV, as Magner puts it - Tough Love and Economic Violence. Remember that chart Cramer put out earlier in the year - March, I think. Should have bookmarked it or printed it out, but I didn't. Maybe someone else did? On a split-adjusted basis, the Nasdaq 100 were still ahead of where they were in 1998. So stock prices got ahead of themselves. So companies built excess capacity. So companies produced excess inventory. These things need to be worked out. That's part of the business cycle. That's why they call it a cycle. .