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

To: AC Flyer who wrote (15260)	2/20/2002 12:55:39 PM
From: tradermike_1999	Respond to of 74559

First, thanks for the thread. I enjoy your well-informed posts with their interesting historical perspectives. I do not have all the answers and do not think I have claimed to. Someone has to show up here, however, and provide a little counterpoint or this thread would be just another CFZ. (I was banned from the CFZ by the way for espousing the radical point of view that Alan Greenspan has done a good job and supporting my pov with data). We are in an interesting period where almost any pov can find supporting evidence. The more dramatic interpretations are the most interesting, which is why the disaster scenarios get so much play, imho. They are just so much more seductive than boring business as usual. Nevertheless, your posts advocating continued stock market losses and serious trouble for the broad economy are well thought out and well supported. You may well be proven right. It is just my humble opinion that there is nothing inevitable about this, that predicting economic disaster is a road that is littered with the corpses of discredited prophets of doom - Granville, Prechter, et al. - and that it is a mistake to underestimate the resilience of the US economy. Your points are well taken and clearly I can't remain bearish on the market/economy forever like many people have because at some point I'll be wrong. If not now then later and need people to tell me the other side - they'll be right one day.