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Politics : Idea Of The Day -- Ignore unavailable to you. Want to Upgrade?

To: IQBAL LATIF who wrote (13210)	10/30/1997 3:19:00 PM
From: Joe S Pack	Respond to of 50167

Ike, I agree that graph is only one way of looking at the past. As one of MIT's professor said in a recent NPR interview, everything depends on the context (a reflection of Einstein's theory of relativity). Truth in one context may not truth at all in another context. Hence graphs are relative to the context. Thus 1927 and even 1987 are not the same context as 1997. Whatever happened on Nonday is not a crash rather a sharp correction when compared to 1987. 500 point in 1997 translates to 1500+ points in 1997 and the economic conditions are not the same. It is very difficult to change ones view about the economy and basic belief. That's why not everybody is a winner in this market. Even big name bears have woke up from their self denying slumper to be rational bulls. If you believe in fundamentals and have a decent forward looking focus these short-term fluctuations should not be overblown out of proportions. My simple theory is that all those Money Managers are locking in their profit and reloading the trucks for another harvest. -Karun