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Strategies & Market Trends : MDA - Market Direction Analysis

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To: r.edwards who wrote (25030)	9/7/1999 4:21:00 PM
From: russet	Read Replies (3) of 99985

You were doing well until you slipped this comment in "but the comparisons to 29 are just so people can see their name in print" It's unfortunate that we have to slip to insults to justify our positions. Back to the twenties then. The market participants thought that interest rates could be used to control the economy, and the market. And they figured technological advances of the day would keep the economy profitable for years to come. The twenties bubble had some of its grounding in low interest rates. Perhaps the Fed of the day couldn't control interest rates, but my understanding is the market participants thought someone could. Perception is what the market is all about. Discussion is great, but leave the belittling comments on another thread please.

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