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

To: AC Flyer who wrote (7491)	8/21/2001 7:25:44 PM
From: Stcgg	Read Replies (1) \| Respond to of 74559

What About the Debt? Time is the only remedy given fixed capacity, we could very easily be headed into a 15-20 yr contraction (or depression) similar to the 1929-1949 era.. Excesses must be wrung out and monetary losses solved before any further real advances can be made globally.. This is still the first leg of a long, secular bear market of which the first Phase III has yet to be felt, imo.. >><<

To: AC Flyer who wrote (7491)	8/21/2001 7:28:58 PM
From: LLCF	Respond to of 74559

<There's a recurrent theme on this and other threads that economic Armageddon is just around the corner. This boundless pessimism seems to me to be the mirror image of the boundless optimism that existed in late 1999.> When your observation can be made about the financial press in general, you may have something. Until then [historically] we're no where near the mirror of '99. DAK

To: AC Flyer who wrote (7491)	8/21/2001 7:48:53 PM
From: KyrosL	Read Replies (2) \| Respond to of 74559

AC Flyer, some questions Isn't October 2001 a bit early for a plunge into the markets, if we will face more than a year of slow or no growth? Wouldn't a residential real estate market deflation cause the collapse of the main prop in the American economy, the consumer, and, therefore, a much more severe recession than you envision? How will a dollar collapse affect your scenario? Kyros

To: AC Flyer who wrote (7491)	8/21/2001 9:28:24 PM
From: Cogito Ergo Sum	Respond to of 74559

Hi AC Flyer, *There's a recurrent theme on this and other threads that economic Armageddon is just around the corner* Good news tradermike ! The thread's living up to it's title LOL. AC, I can't speak for anyone else on the thread but I would guess that my age is pretty indicative of many on this thread. I would also hazard to assume that most who post here have accumulated some 'wealth' , ie. some combination of sufficient funds allocated for children's education, house paid soon, retirement accounts always topped up, no major debt ........... Speaking for myself, I, as many of the CEO's, CFO's, analysts ad nauseam, have no clear visibility and have therefore assumed a defensive posture. *October, 2001 will be a historic buying opportunity, just as October,* That's what I'd like to see, the 'mother of all buying opportunities ' ;o) regards Kastel