Jim's Nasdaq100 Special as a basket. Message Board

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Strategies & Market Trends : Jim's Nasdaq100 Special as a basket.

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To: James F. Hopkins who wrote (1822)	10/8/2000 4:47:33 PM
From: James F. Hopkins	of 2103

For the record; About the Over All Market.. This is part of a reply I sent in a Privet message. ----------- While we are mostly on the same page, and I see a good chance we have some more downside. I don't see things getting really ugly for some time out. ------------ Productivity has even surprised GreenSpam..and it will continue to improve for some time. One reason the market got so over valued is State after State has committed "retirement" money to the market.. Now Wall Street has the biggest & strongest Lobby in Washinton..not even the oil Lobby can match them. The Wall ST GANG has their eye on S.S. money and while I'm against it taht don't mean shit. I do think by hook or crook they will con the public into trying it. For the con to work they can't let the market crash and burn and will pull rabbits out of the hat like a magician to hold the market up until after they get most of the S.S. money. --------- Then we have GreenSpam..he is doing something we haven't done in my life time ( buying back Gov Bonds ) now this is the primary reason the yeald curve inverted ..(and it's a new reason ) as the Fed buys back Bonds it drives long term rates down. Spam knows this.. ---------- Before 2000 he increased the money supply to offset any 2000 rush on the banks..that shot the market up and had more effect than his tightening.( he knew that would happen too) Since then he has tightened money supply and that had the effect of pulling the market down. Well he wanted to let some air out of the market and he has..BUT he don't want the market to crash and burn on his last watch so if it gets too low he will inject money again. Wall Street has him in their pocket even if he don't know it. -------------------- The big ugly comes a few years after Wall Street gets S.S. and Baby Boomers want to retire in mass. Demographics will play the key role of when this ponzi scam just can't get any more blood out of the system. -------------------- Tax money has fed the market and in turn cap gains has feed an artificial "surplus" as long as they can keep spinning enough bull shit to keep the majority of the public blind the market will have it's dips but go on up. I roughly picture things getting ugly about 2008 or 10..maybe a little sooner or later..but at any rate 2 to 3 yrs after they get the S.S. money or just about 6 mo or a year after the time every one is saying what a good idea that was. -------- Jim PS we are due for a short term rally.

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