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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: pater tenebrarum who wrote (59163)1/18/2001 11:04:57 AM
From: Andrew G.  Read Replies (1) of 436258
 
So what does that tell you ? Heinz, the market is up

there is no apparent concern over the issues we are discussing.
Businesses and consumers are conditioned to loose credit terms and the
anticipation of lower interest rates is helping to fuel another rally here.

I guess if stocks can reach a high enough valuation, that will open up the leveraging capacity to seek more loans and the cycle continues upward unabated.
We are not dealing with common sense principals here.
The perception of an interest rate reduction coupled with perceived undervalued or oversold market is all that really matters. Unsustainable debt levels are a non-issue, apparently for now, just as the CA energy crisis is a apparently non-issue for the stock market right now.
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