[Dukie]

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.

[Thebaddog]

I got laid off in 87, I almost went bankrupt in 91 and I'm looking at the Iraq invasion next year in relation to my business again. The short sharp shock hurts a lot more people than you think. My opinion is that the market is absorbing the shocks well and the system works a lot better now and I want to let it keep working.