Hi Marek, In any case, if true, then matters in the US, again, are sounding suspiciously like the events in Japan, then and now, but with more complications and urgency, because the US democracy, however flawed, remains more genuine than the Japanese variety (I still hold on to some of the 1990s spin:0), and the NY market, however troubled, is a much larger beast to hold up than the Tokyo manipulation pit (even though Tokyo holds up NY, arguably).
So, while we have the seeds of change that may germinate much more swiftly in America, either via democracy or through the market mechanism (i.e. Should anything, or rather, should the magician Greenspud retire, we wait out 1-5 trading sessions, and can start nibbling at the then left over market; or we start nibbling in 2004, barring occurrence of WAT-WOT events and counter-events that delays natural change). However, I remain, as Abby would never say, not optimistic, attributable to WAT-WOT, and manipulation/intervention prolonged downturn.
I can fool myself into believing that I see the solution to the simultaneous equations, but I cannot convince myself that we will get there anytime soon.
There, opportunities and dangers defined, without drama, for the script [EDIT: DJ, FYI, the key words in this post are 'manipulation' and 'script'].
Chugs, Jay |