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To: oldirtybastard who wrote (15521)10/4/2001 5:55:23 AM
From: UnBelievable  Respond to of 209892
 
You Are Correct

In the real world the tower has fallen.

Personal and corporate income are declining much more swiftly than(almost) anyone would have anticipated.

The stock market is not real, it is "paper. Until people want to tap some of the value they think is there it is easily propped up. I think the fact that almost all money is being managed by institutional investors has tempered the rational removal of money from places where it can be expected it will loose money.

The end is near though. People are beginning to need to use the money they have in the market to live. Furthermore, the aging demographics of the US workforce means that the amount of pension money in the market is going to decline as quickly over the next ten years as it has over increased over the last ten.

Money in the market now is dead for the next decade at least. It doesn't matter who believes it or not. It is dead. De nile is a river.