True Confessions -- Admit it -- you bought <i>that</i> stock Message Board

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Pastimes : True Confessions -- Admit it -- you bought that stock

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To: re3 who wrote (416)	5/5/2007 1:55:13 PM
From: Real Man	Read Replies (1) of 990

The market has nothing to do with economic reality. It's not going down any time soon, though, simply because it is strongly supported by the Fed with infinite supply of freshly minted cash. Yes, things will reflect reality eventually, but since the Fed indeed manipulates the market with infinite supply of dollars, which will be the thing coming down hard eventually? I bet it will be the dollar, and that drop will take every asset down with it, because all these assets are priced in dollars. Some assets might depreciate slower than the dollar, then their nominal (dollar) price will rise.

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