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To: Dan3 who wrote (174114)4/15/2003 11:08:19 PM
From: Jim McMannis  Read Replies (2) | Respond to of 186894
 
RE:"Nothing is going to get much better until we get a geopolitical situation that encourages new inventment; risk taking."

The markets were heading down long before 9/11.

OTOH, what the stock market needs is not that hard to figure out.

1. Some tax breaks to place it at lease even with "other investments". Or some of the tax breaks unevenly given to "other investments" need to be repealed.

2. Actually a hike in rates may help the stock market...money would flow out of interest sensitive investments like bonds and real estate and perhaps into stocks. Low rates seem to be doing little but pumping real estate to ridiculous levels.

3. Something to give the investing public some confidence in investing in stocks. SImple things like expensing options, repealing them and seeing some people go to jail.

4. In lieu of the more drastic measures above, it will take time. A lot of time. After the 1929 crash and subsequent lows it took 20 years for the averages to return to pre '29 highs.