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He can prop it anytime and it doesn't take any more manipulation that a 1/4
drop in interest rates or now, no change in them at all. My point I
suppose was that suddenly, in this roaring bull market that has seen
Americans become involved in as they never before have, we talk constantly
about crashes and doom just because we paused to catch our breath.
America's economy is so strong that it is now the reason we will have a
huge fall in the equity markets. Last year at this time, it fell/corrected
a bit due to the weakness in Asian economy and now, with Asia improving and
our own economy powerful as ever, we decided that a strong economy is bad.
Of course a weak economy is bad too. Low unemployment is bad. So is high
unemployment. A high level of housing starts is bad. So is a low level.
We are simply putting stones into the "wall of worry" which we've done many
times in this bull market and then we've climbed over them screaming *DOOM*
all the way. :))
Bob
At 09:54 PM 8/9/99 +0800, Andrew wrote:
>Is there a consequence free way to prop up the market?
>If yes, then we should never need to see a bust.
>If no, then which is the worse consequence, the bust, or the bust then will
>come after?
>
>
>At 04:28 PM 8/8/99 -0500, BobsKC wrote:
>>On this topic.. I wonder what Greenspan would think about a huge down turn
>>in the equity markets and the resulting devastation of American's savings?
>> An already debt ridden populance losing the only savings they have. No
>>charts, no history, no principals can possibly take into consideration this
>>huge influx of the average joe into the stock market. Greeny worries a lot
>>about destabalizing the economy and a washout of American savings isn't
>>exactly a warm and fuzzy contemplation.
>>
>>Bob
>>
>>
>>
>>
>>At 02:36 PM 8/8/99 -0600, you wrote:
>>>As I see it, it shouldn't matter to the trader if there is manipulation or
>>>not. You should be prepared for all contingencies. From what I'm leaning
>>>there is some degree of manipulation going on in all markets at least some
>>>of the time so plan on it.
>>
>
>
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