Fred:
A question or two.
If you have no interest in the opinions expressed on this thread, why are you making an appearance here? This is a thread that DOES have an interest in the opinions of others, and is also interested in a bit of give and take.
With respect to Greenspan, I would agree with you that at heart, he is not on the side of the bears, but unfortunately, he is saddled with the need to continue to increase interest rates whether you, I, or anyone else likes it or not. Rising rates squish profits, which usually is less than healthy for stocks. So the question is, does it matter who's side he is on?
Long before the averages bottom out, dip buyers will be non-existent. Even now, dip buying anything but the few "darlings" has been a prescription for pain. Now let's test your theories a bit,..... what would persuade you to cease dip buying (other than bankruptcy)?
I happen to agree with your deflationary perspective but I would appreciate your provision of some of the more prominent indicators of growth. I'll supply you with a two-to-one ratio of indicators of slowing or non-existent growth if you chose to do so.
Best, Earlie |
