Quote:
Originally posted by goBigtime
The late 90's brought on a lot of "firsts" for the stock market, what other times other than obvious (Black Friday - 1929) has the stock market had as much gain as we have had (or anywhere near), followed by almost the same loss during a few years time span?
There isn't a historical financial scenario that compares to what we have just went through, what we are still going through for that matter.
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You're right about the last part--there are a lot of new trends with the economy that we haven't seen in the past 50 years...there's even talk of deflation.
Deflation is big in Japan right now, responsible for back to back GDP shrinkage for most of the 90s. Then again, everything was inflated [read REAL ESTATE] in Japan for most of the 80's. I sure as hell hope that that does not happen in the US.