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

To: Ilaine who wrote (13134)	1/10/2002 11:45:57 AM
From: bambs	Read Replies (1) \| Respond to of 74559

The Aggregate Index of the S&P, Dow and Nasdaq urbansurvival.com Has declined for two years now. If think that the big decline is still to come. So, far individuals that went into Y2K with a well balanced portfolio have had little pain. So, they gave back a year or 2's big gains. Most are still up huge over the last decade or even last 5 years. I also think that when the housing sector's falls the economic fall out will be devastating. The aggregate index will make it's big fall at same time as the housing sector, imho. I think that will likely happen this year...or at least start. It seems the whole world is all in bad shape. That's a good thing for the USA in my opinion. It seems the rest of the world is convinced that they need us. They have been going along with the rate cuts and don't seem to be pulling capital out of the USA. When this turns, things will get very ugly very fast. after reading my history books, they say that there was record bullishness going into 1931. the charts looked pretty good. pretty much everyone thought things had bottomed and that things would be at least stable but likely up in 1931. It turned out to be the worst year for the markets. When the housing market falls into the mix...that's when things really get out of control. Japan went through a similar cycle down as well. take care, Bambs