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Strategies & Market Trends : Guidance and Visibility -- Ignore unavailable to you. Want to Upgrade?

To: DebtBomb who wrote (59073)	7/1/2002 9:13:07 AM
From: ChrisJP	Read Replies (2) \| Respond to of 208838

Well then, tell me Mr. Perma-Bear ...... When do you think the markets will finally unwind ? I don't believe the DOW and S&P will crater 90% simply because most American companies were not bought up in the bubble. In fact, a lot of old economy stocks declined during the bubble because they didn't have the same appeal as the new economy stocks. But its also tough for me to reconcile that despite the fact that economically, we are not experiencing a Great Depression or even a 1973/1974 recession, the psychological time table associated with the unwinding of the markets during the Great Depression seems to be holding. 27 months into the correction and the bankruptcies/CEO removals needed to cleanse the system are still in the future. Rats. Chris