It's true that a lot is different relative to both 1929 and Japan of 10 years ago. The bottleneck on Everest responsible for more than a few deaths is well known. The Tibetan and Nepali authorities grant only so many permits to climbers for Everest expeditions. Teams can try to coordinate among themselves, but one is dealing with teams from many different countries and cultures. Weather conditions largely dictate climbing decisions.
Fair weather is the signal to attempt the summit both individually and collectively.
A mass of climbers forced to take their turns at the Hillary Step on the way down the mountain is an analogy for today's investors in the Tech and Net stocks. As we have described to you in many ways over the past few months in our discussions, a mass of investors have already funneled onto the Tech and Net summit. The mo players, the day traders, the sector rotators, the mutual fund crowd, etc. We've described to you the indices top heavy with Tech and Net. The high altitude storm clouds are off in the distance while these investors are high-fiving each other for having summited.