NEWS ARTICLE
OCTOBER 1998 : VOL. 2 NO. 4
How Long Can It Last?
A RECESSION IN THE WORKS?
The President has been criticized, ironically, by conservatives who can't believe our Stock Market keeps going up despite a world-wide recession. Yet, they are definitely got something right - we can't maintain this boom market forever.
The Stock Market has passed 73 points, far exceeding expectations of passing ~50 by this time and ~75 by the end of the year. Part of this has been caused by Ken Thacker's return to Cyberia, the rapidly developing news media, and newer industries that have excited investors.
The question is - how long can it last? Many companies are on the slide, and other companies are weakening. Kerns Corporation, for instance, may have hit record profits, but says that it will slow down its operations to allow for more sustainable growth in future quarters.
In fact, the stock market headed south the week of our deadline, suggesting investors have finally caught the Asian flu. If this is true, then will we see a correction, a recession, a depression, or a breather before the Stock Market tops 100 points?
Most anaylsts suggest that a tax cut may be in order, to open up more money for investment and to prevent a major recession.