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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: ChrisJP who wrote (40709)	9/24/2001 7:06:45 AM
From: Irene Lynn	Read Replies (1) \| Respond to of 50167

hi chris.. yes, i am aware of this type of theory also..but my concern lies with the war issue..wouldn't that be a monkey wrench thrown into the picture?...if the war is a long war..which it appears that it will be..or if this war is also done on our soil which it has never done before..how does this affect the economy?..i read that a war can throw off the timing...although after a war a bull market normally resumes..if this is a 10 yr war..then that would go in line with one economist that i can't remember his name that says we are entering the depression era..which will last about 12 yrs..i find this very interesting and perhaps it's too soon to get a real feel till 1st qtr...how can people (babyboomers) whose 401k's have been decreased by 50% or better still plan to retire when it was projected..and how about the unemployment level going up..if more babyboomers have to work longer..where will the jobs come from?..i have always been a positive thinking person..and am not a newbie to the market..i have gone thru the 1987 crash..this time it feels so different...the psychology has been severely damaged with investing LONG term in this market..it's still there..but many our losing their nerve..if we go down lower..like to 7500..i think this could really be damaging to the psychology..and perhaps the ones who have held on to "ride" it out..will now sell..causing another big downdraft perhaps to 6500...i appreciate the discussion... regards, irene