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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (4297)	3/15/1999 4:23:00 PM
From: Bob	Respond to of 57584

1929?

To: Rande Is who wrote (4297)	3/15/1999 4:30:00 PM
From: QuietWon	Respond to of 57584

don't know , but probably to get the market over 10,000 and at / near the start of the most recent rally commencing in 1999 OR on October 9 or 10, 1998

To: Rande Is who wrote (4297)	3/15/1999 4:32:00 PM
From: ~digs	Respond to of 57584

Rande, this would partially explain Harry Dent's revision of his forecast of the Dow. He's predicting 21,500 near 2007. He predicted 8500 in 1993 and everybody called him crazy. There's no way of telling anymore what valuation is appropriate for some of these high flyers. YHOO's market cap is absolutely unbelievable... but incredibly real. I'm thinking about starting a thread on the subject of Dent's "The Great Boom Ahead" book. If you haven't read this you need to IMO. Just ask William.

To: Rande Is who wrote (4297)	3/15/1999 11:14:00 PM
From: Rande Is	Read Replies (1) \| Respond to of 57584

QUESTION/ANSWER. . . When was the following article written? "NEW ENVIRONMENT I would therefore like to propose the thesis that as a result of all that has been happening in the economy, the world, and the market during the last decade, we are at least in a different -- if not a new -- era and traditional thinking, the standard approach to the market, is no longer in synchronization with the real world. Possibly the market ought to be considered as having gone into a sort of orbit in outer space, in the sense that while we can see how we get where we are, we really have never been here before, and therefore cannot be certain of what happens next." [posted by permission] ANSWER: October 15, 1968 Eight months after The AMEX (which was then the "speculative" market) FORBADE it's member companies from using their OWN FUNDS to engage in trading in 109 of AMEX's OWN issues! The following crash (after the '68 presidential election) was the second worst percentage crash in history (only slightly less bad than the '29 crash). Of the 109 "banned" issues, only 12 were viable companies 3 years later, the rest were OUT OF BUSINESS, either through formal bankruptcy, or more likely, through sheer evaporation! The companies that survived ALL lost more than 90% of their values in the crash -- NEVER to recover to old price levels. Most of these companies lost this 90% in LESS THAN ONE WEEK as the buyers simply vanished. [Remind anyone of anything?]