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Strategies & Market Trends : SiliconInvestor All Stars Forum

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To: John Vosilla who wrote (1527)	11/8/2007 2:09:02 PM
From: SouthFloridaGuy	Read Replies (1) of 1718

I think this is worse than 1990. 1990 was partly Fed induced with real rates above 4%. The Fed was able to quickly take it away and in fact went overboard in the early 1990's thereby spawning the tech bubble with each successive defense of a bannana republic. The Fed has much less power today and the "machine" got much bigger with securities which are far more illiquid, complex, and opaque than anything back in 1990. The downturn was exacerbated though with Bush rescinding his no new taxes pledge. That hurt. I suspect the Dumbocrats will make he same mistake. Hey, if we get a trade war with China then we'll be in 1930's territory. Anyway, that's down the road. Right now I still maintain global growth is good enough to keep the markets on life support. This was a much needed, much anticipated pullback from overbought levels. I suspect we could even match the August lows now. If Google rose further, they would have been able to buy all the distressed housing out there <g>. I'm sure Tizzie Ludor will give us numerous reasons as to why it should be $1,000. She'll get burned just like all the other MoMo players. Bitch don't know shit about vaulation, that's fo sho. You want cheap, buy the drillers like RIG and NE. Now that's cheap... Message 24010791

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