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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: LPS5 who wrote (39431)10/10/2003 9:50:41 AM
From: TobagoJack  Read Replies (2) of 74559
 
Hi LPS5, <<U]nable to seek truth from facts>>

... just for example:

(a) BLS tells us that factually, job counts are up, and so
(b) Speculators cheer by wagering to peak margin debt level, not realizing
(c) the truth that the jobs are temporary, lowly paid, to be revised away, and therefore meaningless

... for another example, the financial markets are up, some portions to even more absurd levels than ever and before, and so many cheer the rise, forgetting that the rise, unsupported by anything but fiat deluge, is only setting folks up for another but more destructive fall (the anticipated fall of housing and demise of the dollar will do far more damage than the Nasdaq ever could).

Chugs, Jay
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