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At 10:17 AM 8/9/99 -0500, BobsKC wrote:
>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
With each prop, the next prop get less effective until the charm disappears.
One of the lessons compliments from Japan.
If you switch the terms "involvement of stocks by the public" with that of
"involvement of stocks by the banks", you go back to US in the lates 20.
Switch the words stocks by the public with stocks and equities by the
public and you got Asia for the last decade.
>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. :))
The little boy who cried "Wolf" finally meets the wolf.
Bull means boom. Bear means bust. I am not making a time prediction of a bust
because of the coming eclipse. However, that a bust follows a boom, well,
it is "law".
>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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