Join Date: Mar 2000
Location: Northern Catskill Mountains, NY
Thanked 0 Times in 0 Posts
Being a New Yorka, I am very close to the heart of stock trading...Wall Street.
Sorry to bust yer bubble, but the boom is over. We crashed, but don't know it yet. Crashes take time to take effect. The crash of 1987 resulted in a bear of a recession during 1990-1992. There is a delayed effect.
Now, we have crashed in a way that makes the 87 crash look small. The tech and dotcom IPO's really sapped alot of molla out of the economy. I always called the dotcom craze "nothing but smoke and mirrors".
What you should be doing is bracing for a doozy of a recession. As history repeats itself, our economy will stagnate (as it is doing now) while we are still in shock from the market plummet. Next, and a couple few years, we will see inflation coupled with higher unemployment.
My advice, stay away from stocks as a get-rich-quick plan. If anything, invest for your retirement.
<font color=blue>Yankee Tim</font color=blue>[img]/wwwthreads_images/icons/cool.gif[/img]