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S&P 500
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0.08%
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US TECH 100
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2.80%
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Post# of 704041
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otraque

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Re: augieboo post# 32641

Saturday, 10/05/2002 1:12:23 PM

Saturday, October 05, 2002 1:12:23 PM

Post# of 704041
<<In short, I agree that there is no "Great Depression II" on the horizon, but I do not think that fact precludes this bubble deflation from being like that of 29-32.>> For sure.
In 74 and 82 the SPX briefly collapsed to evaluations of 7-1, and there was no Great Depression. If this market were to have a dive point to SPX 7-1 , we will have achieved virtual 29-32 levels of collapse and a Great Depression need not(neccesarily) occur with such a circumstance, a simple slow modestly recessionary leakage is all that be needed,imo..
Max


He played his video game night and day.
The MAZE of Death.
But that is the game we all are in, the trick, don't believe it.Get above it all and imagine nothing is what it seems.Kill the machine.otraque

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