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Strategies & Market Trends : Waiting for the big Kahuna
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To: carranza2 who wrote (80553)7/16/2008 10:32:10 PM
From: Real Man  Read Replies (1) of 94695
 
The economic crisis is here to stay for some time, IMHO.
However, the exact path is difficult to determine, because
one piece of paper (stocks) is priced in another piece of
paper (dollar). The question is then in relativity - which
piece of paper falls faster. If it's the dollar that goes
down much faster, well, you can get the best
performing stock market (Zimbabwe) and gas that costs a few
trillion dollars per gallon <G>. In my view all paper
has been falling since 2000. However, the government and
the Fed made sure stocks priced in dollars don't fall -
until now. Things look bearish, but it is unrealistic to
expect a "crash" for stocks priced in dollars like one in
1929. They could go down some more though. The dollar already
lost a bundle and could go to zero a few years down the road,
since what the FED is doing amounts to MISMANAGING THE CURRENCY.
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