First off..
You are mixing investment frenzy with easy money supply. During the rally in the market the fed was actually raising rates, also making tight money policy isnt going to eliminate POS companies, try to correlate that for me? What happened last year was the individual investor lured to cheap commissions and an infantile sector bringing fast,huge profits and who wouldnt want some of that action?
What brought an end to the bubble was NOT the fed, it was the market being efficient, realizing we went too far to fast for unreasonable future expectations. Do you really think the Fed popped the bubble? And do you think there will never be another bubble? There are bubbles now, I consider biotechs a bubble and certain optics stocks a bubble, so I disagree with your tight monetary policy and POS elimination.
What does POS companies have to do with my total argument? What I see from you is a hopeful short.. From all I talked about, you could only sumarize 10 lines, most of which were about overvaluation.. So step outside your portfolio and realize that people are involved here, real people living day to day..versus you wanting to short somthing.
The fed has never been proactive on the easing side, being proactive would be easing 75 bp about 6 months ago, in one big easing.. The only time they have been proactive is when they were being hawkish..you cant be serious can you???
Bad investments are related to investors, not money supply..until we start getting 10X margin ability then you can be concerned about 3% FFR being a problem..
Do you have anything more to say? |
