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To: sun-tzu who wrote (1303)2/8/2003 2:04:01 PM
From: LTK007  Read Replies (2) | Respond to of 11447
 
We are chained to a pedantic definition in my view. Are WEEK long crashes have been as bad as 29 and 87 crash days.
To say we haven't had crashing is like saying, "well yes i was wiped out in 3 days but hell i wasn't caught in a crash, becauses crashes BY DEFINITION are 10% or more in ONE day, not 15% in 3 days."

The rigid definings by economist of what constitute a crash is just pedagogism,imo and does injury to common sense.
We have had PPT since 1988, and believe me, without PPT we would have are OFFICIAL "Crash in a Day" long ago, but PPT exists to destroy the public slowly, rather them have have a short phase of pain an then start to recover.
PPT in the long run is making matters far worse, imo. Max