SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Millennium Crash

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Don Lloyd who wrote (5259)6/8/2000 10:13:00 AM
From: pater tenebrarum  Read Replies (2) of 5676
 
Don,

<<My primary conclusion is that using productivity growth data to justify unlimited stock prices is absurd, even if the productivity data were of pristine origin.>>

i can live with that as well...<g>.

imo the rationalizations and justifications that have accompanied the growing stock market bubble are all irrelevant. the main driving factors remain liquidity and of course emotion...most money managers will btw. admit privately that they see the bubble for what it is, but at the same time profess to have 'no choice' but to participate in it.

one day of course the chaotic system that is the stock market will in the words of Johanson and Sornette "become orderly in the sense that all participants try to do the same thing at the same time, i.e. sell". that's going to be our several sigma MCHVE (mass correlated hyper volatility event). a.k.a. LLCF (lock limit cluster f...)<g>.

regards,

hb
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext