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Strategies & Market Trends : Roger's 1998 Short Picks -- Ignore unavailable to you. Want to Upgrade?

To: Oeconomicus who wrote (11973)	7/24/1998 12:14:00 AM
From: Joseph G.	Respond to of 18691

1929

To: Oeconomicus who wrote (11973)	7/24/1998 3:58:00 PM
From: Timoteo	Read Replies (1) \| Respond to of 18691

Correction/Recession: FWIW actually a major segment of the economy was in recession during the 1920s prior to the Great Depression: agriculture. Overproduction and falling prices had actually created a significant recession (back then a lot of the economy was still built around agriculture). Exports, especially agriculture were hurting because of Europe's postwar malaise. In a twisted sort of way, the Dust Bowl helped ease some of the overproduction in specific crops but certainly didn't help those farmers. I don't know if any of the traditional rules apply, because the market is being driven primarily by demand based on ease of getting financial info (byproduct of new info/tech age), greater consumer awareness, virtually no barriers to entry, etc. rather than rising stock prices because of higher profits and payout of greater dividends. I think a recessionary crash could be very severe as equity inflows dry up. Best Wishes, Timoteo P.S. What's this about lower capital gains?