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Yeah, BOB, but review the economic scene of 1973/1974...and the market
response to it.
Today we have almost the EXACT same scenario....diving dollar, shaky bonds,
overpriced stocks, zooming crude oil, vigilant Fed, and a long, long robust
expansion, etc.
That turned into a nasty, long-lived bear market.
Watch-out or you'll be "clawed" !!
> -----Original Message-----
> From: Robert W Cummings [mailto:robert.cummings@xxxxxxxxxxxxxxxx]
> Sent: Tuesday, October 05, 1999 8:56 PM
> To: Omega-list@xxxxxxxxxx
> Subject: Feds change bias to tightening
>
>
>
> My take on this relatively new expression "bias towards tightening"
> Greenspan is worried about Y2K and the market. He IMHO is worried the
> market was headed up to fast towards year end. Market might start
> correcting into shared worried space with all the hype with Y2K.
> A normal severe market correction could be tip into something more with
> Y2K. So your probably going to see a lessor chance of a crash
> with ole Al's
> action today.
>
> Bloody Bob has it right!!!!!!!!
>
>
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