coming financial armageddon/new wager offer for Max

Doug Henwood dhenwood at panix.com
Thu Feb 25 13:24:39 PST 1999


Max Sawicky wrote:


>Presumably a fall of the market by some percentage
>constitutes a crash.

Also within a specified short time period. The 1973-75 bear market took about 40% off the S&P, but it happened over a long time, and so ain't a crash in my book, just a bear market. My bet is for no crash, but a long bear market - someday, who knows when.

Doug



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