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

To: Ilaine who wrote (7314)	8/19/2001 10:02:43 PM
From: Scott Bergquist	Read Replies (1) \| Respond to of 74559

I would qualify it as a "recession" for some sectors, but overall, until housing prices flatten, and retail sales go negative, and unemployment is above 5%, it is difficult to say it is "here". It is coming. But the layoff effect has not taken effect, in MHO. The "trillions gained" and "trillions lost" is misleading. Some firms would tell you themselves they didn't deserve multi-billion market caps. Was SCON really worth $120 a share?? BUYX at $30? CFLO at $100? What was really "lost"?