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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Mr. Sunshine who wrote (15617)10/9/2002 5:38:18 PM
From: E.J. Neitz Jr  Respond to of 78627
 
Steve if we are going into a 1929 situation the trillions lost in the market will be over shadowed by dramatic price deflation... massive drops in real estate values...massive job losses and with today's level of personal debt and social unrest and general erosion of many personal values we could have massive looting and civil unrest. The lost trillions in the stock market will be the least of our worries.
Hope not..and do not expect that, but you bring up a very important though unlikely possibility, but never say never.



To: Mr. Sunshine who wrote (15617)10/9/2002 11:54:30 PM
From: Bob Rudd  Respond to of 78627
 
steve h: In many ways this market IS more like 1929 than the 70's in that the combination of a speculative bubble and corporate chicanery were the key drives in 29 & now, unlike 74 where rising inflation and rates were more important drivers....although from a market dynamics perspective, this is more similar to the slow water torture selloff of 74 than the sudden crash of 29.