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Strategies & Market Trends : The 56 Point TA; Charts With an Attitude -- Ignore unavailable to you. Want to Upgrade?

To: Ocote who wrote (6451)	10/27/1997 8:35:00 PM
From: Instock	Read Replies (4) \| Respond to of 79270

Ocote: The markets recovered very well after 1987. You cannot compare today to 1987. Today the dow was down 7%, 1987 it was down 21%. The economy is stronger today then it was in 1987. The Fed. Deficit was apx. 250 ML a year in 1987, apx 27 ML today. The goverment stepped in and bailed out the S & L's after 87 while running a MUCH LARGER Deficit then today. Today, Our banking system is MUCH healther then in 87. AS for 1929, there is no comparison at all. The Goverments of the world and the finiancial Instatutions are much healther and a WHOLE LOT Better equiped to head of large damage. Lets NOT make more out of a 7% correction then there really is. I am sure you will see Alan Greespan making nice comments on Wednesday just as the Secratary of the Treasury ( Rubin ) did today. My 3 cents worth Instock