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To: Afronaut
I call all of those collapses (Lucent/Enron/WorldCom/AT&T) "Cooked Book Disease". Provided there isn't any more of that, the non-market economy IS strong.

Unfortunately, I feel that there's enough more CBD companies out there to drive the Dow down to 3000 before the November elections. As that happens, everything dries up, the usual safe haven of bonds becomes unsafe because of the nature of the collapse (cooked books), and the crash you talk about likely becomes reality.

The only good thing about real estate is that you can live on it, and if you have enough of it, you can grow what you need to eat on it. That's quite a bit more than you can say about stocks and bonds.

390 posted on 07/22/2002 6:55:02 PM PDT by steveegg
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To: steveegg
Dow down to 3000 <<<>>> Whoa Nelly I thought I was a bear.... I got the 6000K range, People "used" to say that I had a negative attitude when I called a 7K dow...Last year... Said I was a dark cloud... heheheh

I wish I could belive in the markets now... But is not my style to have my head in the sand. BTW, Hillary will be our next President. AHAHAHAHHAHAHAH thats a bear market in a blk. pants suit with a pink shirt if I ever saw one.

393 posted on 07/22/2002 7:10:17 PM PDT by Afronaut
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