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

To: xray who wrote (4210)	5/19/1999 11:14:00 AM
From: Arik T.G.	Read Replies (1) \| Respond to of 5676

xray, IMO the controlling group cannot do much, now that it's gone that far. I've already stated my mind that we're already in a deterministic stage of the bubble, like in a Greek tragedy. In Japan they tried everything, from 0% interest to fiscal package deals. Nothing worked, ofcourse. But Japan has different problems and different demographics, and their bubble was combined with a real estate bubble. IMO we're going to experience first a '87 style crash and recovery, and a year or so later the 30s style real bear and depression will start. This is in my mind the biggest equity bubble ever- 1. Highest participation ever (35-40% of households) 2. Strongest impact on economy ever (option plans, IPOs, wealth effect) 3. Highest market cap / GDP ratio ever. It WILL end in tears ATG