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

To: LTK007 who wrote (6382)	7/29/2001 4:36:59 AM
From: TobagoJack	Respond to of 74559

Hi Max, <<potato head>> Ribs and French fries too!? What kind of an animal is this Maurice:0? We need more of same in our hungry den. Chugs, Jay P.S. Maurice, don't mind Max, he is just hungry; and we all mean well for you, if you would just listen and stop wiggling so much:0)

To: LTK007 who wrote (6382)	7/29/2001 5:19:52 AM
From: Maurice Winn	Read Replies (5) \| Respond to of 74559

Max, the Nasdaq halved and while that meant financial disaster for huge numbers of people, in the broader viewpoint, there was no major problem. Instead, USA production and employment continued almost unabated in Y2K and Alan had to keep turning the screws to squeeze the economy down. The Dow could halve over the next year and there wouldn't be financial collapse either [though there would be plenty of individuals suffering financial collapse]. The markets have been clearing very nicely [albeit excruciatingly painfully for hordes of people]. Yes, I do think another Dow and Nasdaq halving would be very icky. I would not like it at all and would be involuntarily 'restructured'. But if it was slow enough, as the first half was, I think there wouldn't be widespread collapses, 15% unemployment, inflation of 10% etc. So far, things have gone according to my years old plan [Globalstar excepted]. Mqurice