Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: Vitas who wrote (33665)	11/14/1998 12:02:00 PM
From: Joss	Respond to of 94695

Hi Vitas, The Texas slump was specific to its oil industry imploding in the early 80's, after the huge bubble in both oil and gold in 1980 at the crest of the energy crisis. Accurate but not complete. Austin, for example, was thought by pundits to be recession resistant due to the diversity of business...High tech Govt. etc....well all of the businesses in the mix turned down around the same time...and yes, things like Banking were directly related to the bubble you mention. My memory is that most of the country felt some of the pain...and not just in tax dollars <g> I don't know anything about real estate cycles...but it was odd that even High tech turned down at the same time. I had never seen foreclosure signs before...suddenly, they were everywhere. Wonder if that is how this stock market bubble will end? Steve

To: Vitas who wrote (33665)	11/14/1998 3:57:00 PM
From: HairBall	Respond to of 94695

Vitas: Well the slump was felt in more that just Texas. Many states were effected by the oil slump. Many states have strong ties to the oil industry in Texas. OK., CO. just to mention a couple. There is always a "reason" for a slump or downturn. Regards, LG