Mainely Stocks

[joyceschoice]

Ari - In my recollection 2003 and 2007 were very different situations. In 2002-2003 the market had bottomed from the 2000 tech bubble and double shock on the markets of the World Trade Center attack in 01. In 2007, the market had been been choppily trading for three years with a slight bias to the upside and lots of sector rotations that lifted various groups in tandem and moved to the next. There was very narrow leadership in the indexes during the housing bubble market of the mid 2000's. Growth stocks have greatly outperformed value I believe for most of the past decade.

So the question is would you characterize this market as more like the former or the latter? It seems to me more like the former, though this market is in a very different situational shock than the bubble of 2000. It's more systemic and global certainly.

PS. I will look into ENDP. Thanks.