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Strategies & Market Trends : MDA - Market Direction Analysis

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Jan 23 4:00 PM EST

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To: Les H who wrote (34885)	12/7/1999 11:08:00 PM
From: Crimson Ghost	Read Replies (1) of 99985

What will break the bubble? It has long been obvious that Alan Greenspan now is totally a prisoner of Wall Street and the Administration. He abandoned any serious credentials as a responsible central banker years ago. He says all the right things and does all the wrong ones. And some of his associates such NY Fed President Mcdonough are even worse. While he probably would like to see the crazy market cool off some via a 10% correction early next year, history shows that this Fed will never willingly allow a major and extended drop in the US stock market. No, the only way this bubble will end is when the bond and currency get mad as hell and shout to the world that they are not going to take it any more. For as long as the bubble boys can create money and credit like there is no tomorrow without major protest by the bond and currency markets, the bubble will continue with nothing more than occasional 10% corrections. Tell me when the greenback will tank in a major and sustained way, and I will tell you when the bubble will burst.

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