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Re: Worlds a Mess



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:It has nothing to do with buy & hold.  Yes, there will always be a market
to
:trade, but If the Retirement and Mutual Funds, as well as the vast majority
:of individual investors who know nothing about Spoos, Options,
:Short-Selling, etc., start running for the exits in droves-- you'll see a
:very different (and difficult) trading environment than in recent years.

:If anyone traded in the year following the '87 crash, maybe you'll have an
:idea what I'm talking about.  IMO, that environment was minor compared to
:the one waiting up the road if the Markets break into a serious plunge
:soon-- Especially if its due to Monica & Ken's revenge.


What about after the crash in Oct.'97? It's the same price pattern. The only
difference between 87 and 97 is the volume. On a relative volume basis
(comparing volume after the crashes to the volume before), it's still the
same price and volume pattern.  The only difference between  1987 and now is
that the average volume in 1987 was about 200 million shares or so a day (if
memory serves me correctly) and the average volume today is about 600-700
million shares.