>just a nice, healthy pull back....
You still don't get it. LISTEN TO ME. The nasdaq is on a runaway course. It simply will not stop until it takes every single penny from every man woman and child in this country. And even then, the NYSE will loosen margin requirements, and greenspan will just inject another 10 billion per day in coupon passes. Even if Easy Al finally decides to raise rates, to say 10%, who cares? That's nothing compared to an average of 10% per month in your average internut stock. Nobody is going to rush to buy treasuries when the worlds biggest casino hits 777 every time you pull the internut lever.
Our economy is going to be destroyed, and there is nothing we can do about. The masses have spoken, and they want YHOO and AOL to go up 5% per day. You might avoid some of this by buying gold, but make sure you do it anonymously and HIDE it. Remember when we went off the gold standard and the US government made it illegal to own gold? And by the way, the real reason we went off the gold standard is because the federal reserve banks (who are privately owned, mostly by rich european familes) realized that they could not "hide" enough gold, nor shuffle it back and forth between countries to keep it out of the reach of "physical" soldiers, should the US ever decide to confiscate it. But if we went to a paper system where value could be easily transferred to another country in a few seconds even if the army was knocking on the bank door, then they could effectively be out of the reach of US government forces. If the bank's wealth depended on a stash of heavy bricks of gold in a vault on the US mainland, they would be unable to dictate any terms to the government. (Bet they never taught you that in your history lessons!)
Give it up. The nasdaq will NEVER AGAIN go down more than 1 or 2 percent. It is a straight moonshot until our economy and society collapses- and at that point nobody will even care about stocks anymore. |
