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Microcap & Penny Stocks : The Microcap Kitchen: Stocks 5¢ to $5
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To: GARY P GROBBEL who wrote (19999)4/20/2004 4:15:35 PM
From: GARY P GROBBEL  Read Replies (1) of 120413
 
It makes you wonder what the people at these trading desks/institutions are are smoking, or snorting.

All Greenspan said was that the economy, after slowing mid 1st qtr, has picked up again. And he made a side comment that banks would still be able to do well in an environment of rising interest rates, as well as deflation no longer being an issue and pricing power returning for companies. All of this is good for stocks....

EVERYONE has known for months rising rates are coming. Yet the Chairman infers the same and the mkts tank....some desks begin to sell..selling begets selling, and the mkts, which were ahead and reasonably healthy immediately prior to Greenspan's remarks, simply fold.

These people I think are idiots. Lemmings. Have been watching this for years and years and at times you wonder who is really calling the shots. All above is negated if it is the hedge funds. Few investors realize how deeply these funds have us by the short ones. They are buying short and selling long on the bond curve (carry trades) sometimes at a leverage of 100 to 1. And if they, or just enough of them, get caught on the wrong side of a rate rise look out....it will be 1994 again with gusto.
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