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

To: DebtBomb who wrote (62955)	7/28/2002 12:24:51 PM
From: SirRealist	Respond to of 208838

Dale, while this bear is historic, with the length of the market decline the longest since the GD, the chaos is not likely to be as bad as you suggest. Back then, there were few who could be called middle class. And we look to Japan's decade-plus mire to see that life has not gotten as tormented as the Thirties. Yes, unemployment can rise and the papers are full of stories now about the 20 year veterans of tech who can't find work (they're overqualified; a hateful term) or accept work at 1/3rd their previous salary. Mortgages will default, taxes will increase, social service budgets won't keep up, but there'll be few Tom Joads. In such times, the best investment is to run a bar, where they'll go to drown their sorrows. As to the war, I concur. This above all else, concerns me. How much blood is necessary and why?