Zeev's Turnips - No Politics Message Board

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Strategies & Market Trends : Zeev's Turnips - No Politics

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To: Ibexx who wrote (36093)	3/2/2002 10:43:22 AM
From: Jorj X Mckie	Read Replies (1) of 99280

If you don't find the vix useful, I could only suggest that you ignore it. I find it useful when coupled with other indicators and analysis so I am not going to ignore it. But I agree, looking only at the vix in a vacuum, I wouldn't have expected that bull run. But, that goes back to why we had that bull run. I believe (and this isn't original) that it was a liquidity bubble more than anything else. The fact that the fed bought into the y2k scare caused them to have a money policy that created the bubble. This allowed the market to inflate even with a great amount of complacency. And now, the fed has a similar money policy with massive rate cuts and massive injections into the money supply and the market can barely stay afloat. Do you think that this economy and market could sustain itself without the current liquidity that the fed is providing? It is my opinion that a healthy market could. I don't think that this market can. Just like the late 90s bubble, when the fed turned off the spigot, the market collapsed.

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