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

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To: patron_anejo_por_favor who wrote (123290)9/18/2001 2:47:18 PM
From: BigMoney  Read Replies (1) of 436258
 
patron, i think we will continue to drift lower as they start turning off the spigot.

the fed and its collaborators succeeded in what they set out to do yesterday: prevent a total meltdown.

now that disaster has been "averted", they will slowly, and in an orderly fashion, withdraw those funds to limit their own risk.

the market still has yet to price in the current economic situation. market probably should have gone down 15-20%, instead of just 8%. the rest of the decline will probably occur over the coming weeks. J2P will notice a 20% drop less if the decline occurs over months, instead of all in one day.
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