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It seems to me that actions speak louder than words in this regard.
Greenspan's action today spoke load and clear. Just how the Fed and other
interested parties are going about supporting this market is beside the
point. The fact is that they are actively supporting the market. On more
then one occasion we have seen unprecedented actions taken by the various
financial bureaucracy's of this administration. Even if there were no
political agenda there would be plenty of pressure by various beneficiaries
to keep this market afloat.
Bust inevitably will follow boom as always, its just a matter of when.
Another old truth is the higher and stronger the run the harder and further
the fall. It seems that the good times are never good enough to make up for
the subsequent bad times either. I suppose It’s only logical that although
a bubble may look large, when it bursts there is virtually nothing there
afterwards.
Survival rule #1, never speculate beyond your ability to absorb the loss
and say afloat.
Brent
----------
> From: TQuinn211@xxxxxxx
> To: eadamy@xxxxxxxxxx; realtraders@xxxxxxxxxxxxxx
> Subject: Re: [Doom and Gloom Dow Industrials Forecast]
> Date: Wednesday, October 14, 1998 6:23 PM
>
> Earl,
>
> Here is a site from a newspaper article that agrees with you.
>
> All the best
>
> Terry Quinn
>
> http://nypostonline.com/business/5459.htm
>
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