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Strategies & Market Trends : Interest rate rise will trigger market crash / correction

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To: Acey who wrote (36)4/12/1997 8:00:00 PM
From: DanZ   of 52
 
Acey,

You have turned what started out being a friendly conversation into an insult. I don't much appreciate your comment "In sum, everything you said is worthless." You are entitled to your opinion, but you aren't entitled to talk rudely to me.

I disagree with your comment "Bull markets have absolutely nothing to do with earnings, inflation, etc." What do you think has propelled the market since 1982? I suppose you think the market would have gone up even if forward looking earnings projections were down and inflation was up??? Where did you get your education?

Your statement "what moves markets is the faucet of money coming into the market." That is untrue as well. Supply and demand at specific prices move stocks, not money. Have you ever seen a $30 stock trade 30 million shares and not budge? There's plenty of money changing hands, but if the supply and demand are in balance, the price won't budge. Have you ever seen the bid on a stock move up or down 5% on very low volume? That's because the supply and demand were out of whack at the high or low, but not much money moved the stock.

And one of my main points, which you missed by the way, was that not all stocks go down just because the market averages go down. Do you remember how the market did in 1994? In case you weren't born yet, the S&P 500 was only up 1.3% that year but my personal portfolio was up 23.8%. And in 1993 when the S&P 500 was up 10.0%, my portfolio was up 25.1%. I really couldn't care less if the averages go up or down because I trade individual stocks, not market indexes. So your statement "But your technical patterns won't get you anywhere in this bear market." is full of it too. I've already demonstrated time and time again that I make good money no matter what the market does. I was simply trying to point that out as well as disagree (in a very polite manner) with the DOW going to 5000 in the next 6 weeks.

Don't bother responding back; I don't much care for the tone of your posts. I read through a few of your previous posts and you have insulted others as well.

Dan
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