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Strategies & Market Trends : MDA - Market Direction Analysis
SPY 659.00+1.0%Nov 21 4:00 PM EST

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To: pater tenebrarum who wrote (46333)4/14/2000 8:19:00 PM
From: Crimson Ghost  Read Replies (2) of 99985
 
Heinz:

I think another factor behind the bubble was the emergence of the US as the lone superpower and the feeling that it could do anything it wanted anywhere in the world without worrying about the consequences. Indeed the incredibly arrogant behavior of the US financial amrkets these past few years closely resembles US behavior in the world generally.

But there are limits to everything -- even the US ability to perpetually get its way on the global stage and forcing foreigners to keep financing outsize trade deficits. From what I gather many foreigners see the US as an out of control arrogant bully that needs to be contained. Perhaps the market action this weak is the beginning of a process that will bring a badly needed sense of reality to the nation -- both financially and in its relations with other countries.
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