Reply #36: Fair enough and I took no offense.... [View All]

[A HERETIC I AM]

You have always struck me as a reasonable sort so I merely responded to the words and took no notice of tone, if you catch my drift.

As far as the level of drama is concerned..well....it does strike me as kind of humorous, that's all.

I have a book I bought way the hell back in 1977 titled "Crisis Investing". The author was absolutely CONVINCED we were heading for a 1930's style depression that would last for decades because we were no longer tied to the Gold standard.

That sort of hyperbole, panic, naysaying etc. has been going on for a very long time. It is just interesting to read how DU'rs are reacting these days.

Some of the predictions of what would happen on the NYSE on Tuesday were almost absurd.

The equivalent event today of what happened back in 1987 would be a drop in the DOW of about 2200 points!

2200 POINTS! The futures weren't even close to that and as it turned out, it was just another moderately down day.

Hell, if any of us could really accurately predict what was going to happen on the stock market tomorrow, do you think we would be typing onto DU? Hell no! We would all be eating lobster and cracked crab on the beach with Dan and Jamie Lee waving to us from the sailboat anchored 25 yards offshore.