Getch, you misunderstood. <I was under the impression this was the place where the "afflicted" could go without shame> Yes, this is the place where the afflicted can do their graffiti, but others are free to tell them their feet stink and they are an UnAmerican short. I suppose it's a kind of mosh pit rather than a minuet. Of course, my hope is that in reality, people will be civilized.
It was really just a place [which didn't 'take'] to help prevent pollution of the serious QUALCOMM streams so that people could get the real oil without wading through acres of muck. But as the GGMDM shows, people do what they like.
You made good points Getch. Ramsey, like most people whose stocks took a pounding in 2000, is blaming Alan Green$pan [to some extent anyway] as though it was a malicious act to raise interest rates to maintain the value of the US$, which is his job.
The internet bubble came long before Y2K money supply trickery. Interest rates were going up as fast as internet stocks. Bubbles burst! Irrespective of interest rates. 8% is NOT a high interest rate.
There was almost no connection between Internet stock prices and money supply. It was simple mania. Now that mania has gone. But the overall stockmarket also took a hit below the waterline, going out in sympathy and with margin calls forcing Internet portfolio cleanouts, of course those portfolios included all other stocks, so everything took a hit too. Simple really.
But now, with a chastened stock market, interest rates will fall, to avoid recession, but the stock market will rise, because companies are doing extremely well in The New Paradigm, with burgeoning productivity, profitability and global expansion opportunities.
People will learn that Alan Green$pan was NOT targeting the stock market for the wrong reasons. Many will learn that too late and will miss the train.
That's my theory anyway,
Clang! Clang! All Aboard!! Toot! Chugg, chugg...
Mqurice |
