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Strategies & Market Trends : Currencies and the Global Capital Markets

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To: Sam who wrote (2836)	1/3/2001 9:07:52 PM
From: Hawkmoon	of 3536

Well, BF has always seem to consider the Nasdaq the entire market. Sure the NDX was a speculative bubble, especially with regard to the net stocks. But looking at the DOW and SPX, neither one of those markets is currently in official "bear territory". I really sometimes don't know what he expects the Fed to do, let a $10 Trillion economy go to hell in a hand basket by maintaining artificially high interest rates? We all know that BF was blaming AG for pumping liquidity into the market last year because of Y2K, but now he seems to be blaming AG for having taken the necessary actions bent on draining excess liquidity. So much liquidity that he has overshot the mark and brought us to the brink of recession. Oh well... I'm still just a bit sore at him for blessing the GNET/INSP merger last August (he was a director of GNET owners of SI), so I guess I'm biased. Regards, Ron

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