Zeev's Turnips Patch-No Politics (ZEEV)

[MSGI]

Zeev, you could be right. This market is certainly way oversold and due for a bounce. But this is what I see as being different now than in 1987.
Lets see, in 1987, the price of oil was only $15.95 in October, the month of the crash
compared to $55+ last week. Here are the historic prices fro 1987.
1987 January........... 13.79 February.......... 14.51 March............. 14.54 April.............
14.95 May............... 15.29 June.............. 15.95 July.............. 16.88 August............ 17.06
September......... 16.25 October........... 15.95 November.......... 15.46 December..........
14.27

Now throw in the cost of the war in Iraq. It is now about $163 trillion and that doesn't
include what was spent in Afghanistan.
http://costofwar.com/
So, even though the PE's were higher then, we didn't have the big drian on the economy that we have now.