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Strategies & Market Trends : Booms, Busts, and Recoveries
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To: TobagoJack who wrote (17339)3/26/2002 2:03:25 PM
From: Raymond Duray  Read Replies (1) of 74559
 
Thank Jay,

Best post of the my morning so far! <smile>

BTW, when the shorts sent the Hang Seng into an uncontrolled free fall about 3-4 years ago, having the guvmint interevene on the long side did vast damage to the speculators on the short side. A fate they richly deserved, IMO.

Now that we've got 7,000 or so hedge funds willing to bet against the U.S. markets, and drive them into the ground for profit, there is every reason in the world to believe we need a countervailing force.

-Ray
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