SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Pastimes : Home on the range where the buffalo roam -- Ignore unavailable to you. Want to Upgrade?


To: stockman_scott who wrote (6616)3/6/2002 4:31:02 PM
From: Sig  Read Replies (1) | Respond to of 13815
 
<<Is this market like the one we had in 73-74...?>>
This market is like none I've ever seen. Do you remember a market where stocks go up or down 15% or more in one day?
The amount of wealth destroyed far exceeds that of 1929.
Closest I can come is relate to the Japan market in the 1980's, and for the same reason -too much leverage, like derivatives. A house of cards in real deep trouble.
I think its going to get real wild, when overpaid millionaire executives do not get investors dollars to support their life styles while the company is losing money- even if they promise to go cashflow positive in the next year or so.
Sig
Here is an example- where Mer will try to grab $1bil of investors $'s and lock it up for 30 years.One Bil that wont be coming back into techs, unless indirectly ..
biz.yahoo.com