Hi Mike.What is the feeling in Europe about all this? To resolve the crisis that is? What do they think is the cause?
Personally I think that it is a pure COINCIDENCE of events, which, in and of themselves, would not have come this far but which taken together are assuming a disproportionate size:
-Low tech eps
-occurring in Oct
-a bad month anyway ( Funds close books/take profits)
-10 year 1987 crash anniversary
-overvalued market in seveeral/high tech aereas.
-economy in " new paradigm status" tha few people really understand
or can totally explain, low iflation, strong econom etc.
-Asian mishandling by few small countries ( malaysia )
-Hong kong taken over by China, a big shift on the East.
-Last leader left in Techs, Intel,forced to compete with minor start up AMD had to cut prices--> lower eps, at this time.
-erroneous announcem about reasons for Ontel not opening factory in Texas.
-European economies stalling because of forth coming Europ Union.
People dump all of the above in one basket, connect it all together,
throw up their hands and gg,---> flee, gg.
The market collars haven't helped.They should have been taken off, or at lest increased in size, long time ago.
" The world needs an enema ",
Jack Nickolson, The Joker, Batman.
Get it all out anf feel better. GG.
TA |
