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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: MSI who wrote (9715)	11/30/2001 9:32:35 PM
From: sylvester80	Read Replies (1) \| Respond to of 99280

During the Russian debacle however the US economy was strong and growing and able to absorb a hit. Things are not the same now. I don't remember hearing the largest collapse of a US corporation back then (ie. Enron). Or the higher unemployment in 20 years. We are not in Kansas anymore people. The bubble has burst. Actually now that I think of it the only thing that has a parallel in the current situation is the bubble burst of Japan (and 1929 of course). They had a lot of large corporation failures as well. Interests down to almost zero. High unemployment. And we all know how well their market has done during the last 10 years, right?