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To: Tommaso who wrote (127610)10/5/2001 9:36:32 AM
From: Diana  Read Replies (1) | Respond to of 436258
 
Price of land tripled here in Tennessee during the late '70s - early '80s. That's major. Almost everyone was investing in land in the same manner as we were buying techs during the "Bubble".

Just found an interview with John Bollinger on realmoney.com. He spoke directly to this subject:

>>Have you ever seen anything like this market before? It seems as if we're moving into a period where meaningful market moves will be few and far between.

Bollinger: Well, we've seen similar situations before. For example, from 1966 to 1982, the market went sideways for 16 years, and there were no more investors left by that stage of the game. They all eventually became frustrated, left the business and went on to seek other investments. Real assets became very popular -- real estate, gold, precious metals, oil drilling. <<