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Pastimes : The Naked Truth - Big Kahuna a Myth

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To: Bull RidaH who wrote (83709)1/19/2000 2:41:00 PM
From: pater tenebrarum  Read Replies (3) of 86076
 
David, that's perfectly fine with me...i'm in small cap and inflation proxy stocks up to my eyeballs. you apparently assume that the Fed is interested in pricking the bubble...i don't think so. nothing they do or say suggests that. on the contrary, imo the Fed is the creator and biggest supporter of the bubble. nothing but the total collapse of the system as predicted by L. von Mises as the outcome in such cases (credit induced booms) will stop it. obviously the stock market is now more important to them than the bond market...as one 'average Joe' voter so succinctly put it the other day: "i voted Dow Jones, not Paula Jones". :)

regards,

hb
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