AI
Saturday, April 26, 2003 3:53:42 PM
>>>If you're talking about a possible 20-25% haircut here, I'll agree, but please don't call that a crash.<<<
What's wrong with "20-25%" being called a crash. It looks to me that's about what the 1987 "crash" was. This has been a bear market of first. Expect the unexpected. We never had a bubble quite so big. I think it is reasonable to speculate that we could have acrash after a 80% drop fron extraordinary lofty levels.
What's wrong with "20-25%" being called a crash. It looks to me that's about what the 1987 "crash" was. This has been a bear market of first. Expect the unexpected. We never had a bubble quite so big. I think it is reasonable to speculate that we could have acrash after a 80% drop fron extraordinary lofty levels.
Joe
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