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

To: Paul Senior who wrote (32495)	10/16/2008 2:06:23 PM
From: Spekulatius	Respond to of 78748

The 87' crash felt differently in Europe. The 87' crash in the USA was a one day even essentially - the lowers intraday during the 1st day of the crash. In Europe I remember a big down day (but not as large % wise than in the US_ as well, followed by a steady trickle down that lasted until November/Decemember. It took month for the European markets to get on their feet. Risk reward this week is better than last week. The banks are backstopped so I think the credit freeze should slowly thaw. Now we still have to deal with a recession that is fairly substantial but i think at current stock valuation, that is more or less already build in. The market is driven by fear rather than economic factors, IMO. Cheaper oil and lower raw material prices are a major plus for the US and Europe as well. That could support margins for some companies, even when demand is slack. it will also help the consumer. If credit market's thaw enough I think we are going to see are going to see one heck of a merger/acquisition wave. FWIW, I bought more STT today.