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To: $Mogul who wrote (1468)10/19/2007 1:40:03 PM
From: SouthFloridaGuyRead Replies (1) | Respond to of 1718
 
A lot of tech stocks are holding strong. GOOG is up today. This is just a needed correction from overbought conditions. We should bottom soon.

Many stocks do not reflect the U.S. economy, they reflect the global economy. Thus looking at indices doesn't tell anyone much (except that the global economy is strong).

Not sure stocks reflected anyting but the global economy - it's just that once upon a time, the U.S. economy WAS the global economy.



To: $Mogul who wrote (1468)10/19/2007 6:32:13 PM
From: John VosillaRespond to of 1718
 
Something to ponder. From the October 1987 crash low to the early 2000 high the DOW went up roughly seven fold. This even with real estate prices in general nationwide basically going nowhere the whole time.



To: $Mogul who wrote (1468)10/19/2007 8:19:33 PM
From: SouthFloridaGuyRead Replies (1) | Respond to of 1718
 
Mogul, I don't think the media is exaggerating here. There are some big issues with SIV's--->Commercial Paper---->housing.

Does it mean crash? Not really.

But it doesn't mean that this country has some really big problems ahead of it.

I would suspect that eventually it affects the global economy, especially when global inflation begins to require higher rates.