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Strategies & Market Trends : MDA - Market Direction Analysis

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To: Crimson Ghost who wrote (37472)	1/14/2000 2:58:00 PM
From: pater tenebrarum	Read Replies (4) of 99985

George, i have to agree the odds are rather long. Greenspan's Fed has produced this bubble in the stock market and has supported it at every turn. by now it has become so big that they must be scared sh*tless of it bursting, knowing full well that the U.S. economy would do a reasonable imitation of what's been happening in Japan over the past 10 years if and when that happens. the mountain of debt and derivatives upon which the bubble rests is just too big. what's more, there are several Fed governors who appear to have swallowed the new era arguments and are weighing in against aggressive tightening. well, the example of the 1920's has shown that the Fed can be seduced into too loose a policy by tame CPI inflation to the long term detriment of the economy. the current boom is imo a modern re-enactment of that drama and will end in a similar manner. regards, hb

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