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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (2280)	2/25/1998 10:26:00 PM
From: posthumousone	Read Replies (4) \| Respond to of 5676

I've been rethinking about the risks of a collapse. Whats a 500 point drop if it bounces right back? Buy on the dips. Question, even after the 87 crash, didn't it bounce back relatively quickly? Didn't the SEC? implement even more stringent "curbs" to prevent a future collapse? And what 500 points from here? So it goes to 7900 for awhile. I can still choose to get out at that time if I feel something has drastically changed. A Kahuna to me would mean a retreat to 5000 for a period of a few years. Is that the kind of drop ( gradual sell off ) are you guys are expecting? Wouldn't a correction be something like 10% over year time. We certainly haven't experienced that. Today IBD says Asia crisis is overblown. Based on survey of business owners. Since most other countries markets are on shaky ground, there money is being invested in US stocks, the safe haven (IBD words). It seems everything is rosy. Deflation, prices drop people buy more, cheaper raw materials What about all the inherited wealth? People will pass on the wealth they have amassed and it will get pumped back into the market or used to buy buy buy....improving earnings. War, not likely at this point Presidential impeachment......Economy too "good" for anyone to want to change presidents, even if warranted. The YK2 problem? Just more hype? I read Bankruptcy 1995 and the Great Reckoning, interesting, but looks more like cataclysmic forecasts were made to generate book sales. I am looking for something to make me more cautious.