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To: SKIP PAUL who wrote (119193)5/22/2002 10:17:52 PM
From: Wyätt Gwyön  Respond to of 152472
 
The 70's market stagnancy was due to the oil embargo and Nixons wage price freeze. No such condition exists today. We will work our way out of this one. Leave it to American ingenuity.

well, the market back then wasn't hideously overvalued like now. worse than that, we now have the threat of terrorists nuking our cities and changing the entire security landscape.