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

To: TobagoJack who wrote (6270)	7/25/2001 10:06:47 AM
From: Ilaine	Read Replies (3) \| Respond to of 74559

>>I also know, without a thorough and deep cleansing, we will suffer …<< If we do get a "thorough and deep cleansing" we won't suffer? ;^) >>Since 1982, survived in good order: Crash 87, TianAnMen 89, Redchip Crisis 94, Asian Crisis 97-98, Softbank 99, Nasdaq Crisis 2000<< Born in 1952, survived a lot more than that, but they all passed by unnoticed until 1997, when I first had enough money to put in the market and started reading the financial section of the newspaper. Thinking about your typhoon made me think of an analogy. Day to day market action is like waves on the surface of the water. Big market movements are like typhoons. Liquidity crises are like tsunami. Crash 87 and Nasdaq 00 just came and went, cutting off a few heads and tossing around things that weren't secured properly. In October 87, I was 7 months pregnant, had a two year old son, and was finishing law school and never even noticed it. In 00, I watched it happen, but my own money was somewhere safe and I wasn't worried. I don't worry much about typhoons (or hurricanes). When a tsunami is going to hit an island, sometimes the water all rushes away from the shore and you see fish flopping about on the ocean floor. When that occurs, run, don't walk, to higher ground. Oddly, for a ship at sea, the tsunami passes underneath without being noticed. The world is in the process of being hit by a tsunami, but the question is whether you'll get hit by a 30 meter tall wave that smashes everything around you, or whether it will pass under you without being noticed. I just looked at the Help Wanted section of the on-line Washington Post, to see if there are any jobs for computer programmers. There are 453 "software developer/programmer" jobs listed for the DC Metro region. The fish aren't flopping about on the ocean floor here, yet.