Mish's Global Economic Trend Analysis Message Board

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Strategies & Market Trends : Mish's Global Economic Trend Analysis

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To: LTK007 who wrote (67158)	8/4/2007 5:49:46 AM
From: Crimson Ghost	Read Replies (1) of 116555

Max I fully agree with you on the PPT and its attempt to contol the markets. I just do not see them as being all powerful. Their power to levitate markets diminishes as stocks chug higher, economic imbalances grow ever more egregious, and inflationary pressures accelerate. During the 1920s bubble many traders latched on to the idea that the boom would never go bust because "they" (the bankers and insiders) would not "allow" it to happen. Sound familiar? BTW even though I suspect this latest drop is near bottom, I do expect stocks to go far below the 1363 "magic" number on the next leg down -- probably this fall.

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