[VOA]

Shades of Oct 1987.


Thane_Banquo, I'm not challenging you on your statement...
just putting out my impressions for further discussion and
(OUCH!!!) dissection by the FR forum.

I'm no expert...
But wasn't Oct. 1987 a "shock to the system" of relatively short
duration?

The current debacle seems to be a much more prolonged and miserable
event.

My inexpert thought is that Oct. 1987 was like a heart attack:
a shocking episode that the patient recovered from fairly fastly
to modest health.

Today is more like many cancers: diagnosis, prolonged sickeness
during diagnosis and treatment...and dealing with metasteses (sp?)
while recovery and "five-year survival" is still an open question.

I'm pray that today is when the last big holders are being
"shaken out of the system" and we can hit a baseline.

Even if there will be a period of meandering around an average
"low" and then an eventual recovery (even if it takes a year or two).

[sarasota]

A recovery “in a year or two”? Before all this came into play, Wells Fargo was giving the economy 5-10 years to recover. I wonder what they would say today? Anyone?