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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (70380)	9/15/2008 4:18:01 PM
From: Maurice Winn	1 Recommendation Read Replies (1) \| Respond to of 74559

1987 was uninteresting [for most people] in the USA. It was a transient stock market episode barely visible on the 100 year stock market graph. If you look at NZ's long run graph, you will see a different story. Similarly, if you look at the long run Nikkei graph you'll see a different story. Fortunately for the USA, there was quite a market clearing in the early 21st century, but the housing debt bomb was pumped up to high pressure. It was amazing to watch. But there has been two years of clearing already and now it's the financial institutions being reamed out. TOL, HOV, RYL have had a good reaming already. Hordes of people have been foreclosed or otherwise adapted to their straitened circumstances. So perhaps the current turmoil will clear quickly and we'll all be back to business. Politics can always ruin things though, so watch the promises from politicians. They can destroy whole countries in fairly short order with their stupid ideas, which stupid electorates think are excellent ideas which is how the politicians get to be in charge. It is amazing to me that Sarah Palin could be president instead of Ron Paul's libertarian ideology. Voting for lipstick on a pit bull seems about as daft as it gets but the mob [supposedly] loves it. Mqurice PS: Hey, you pinched my theory = Greed is the root of all evil. It's not money. Money is just a measuring stick, like metres. Many people think money is the root of all evil, but that's like saying kilograms are the root of all evil.