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|Subject: LOCUST MARKET||Date: 10/5/2002 3:43 PM|
|Author: cannonballs31||Number: 7968 of 10417|
Hi gang after a hiatus of a year I am back,
I keep heearing of the bear markets and bull markets but never of the LOCUST market
We nave experienced 2 locust matkets in my lifetime (I am 71)
One startind in 1929,the other in the 70,s.
A locust eats at a varacious rate all of the food it can find(capital) and then goes into hibernation for 17 years WHILE ITS FOOD CHAIN REBUILDS.
The 1929 locust market ended in 1946,THE 70,s locust showed a growth of less than 5% over a 17 year span.
I fear that me are now in a new LOCUST market
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