To: Dukie
I think the guy is a handwringer with that 700 point drop comment. And look how the market can account for the Worldcom announcement and not fall off. I do think that the decline is being managed in a very decentralized way and that's a good thing. A panic would only make a selloff worse.
To: Thebaddog
Which is more agonizing: Pulling off the bandaid slowly or quickly ? The sharp stock selloff of October 1987 set stage for price recovery within several months, whereas absent a similar washout in this market cycle we're now into our third year of declining share performance.
22 posted on
06/28/2002 6:13:11 AM PDT by
Dukie
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