Ask Mohan about the Market Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: MythMan who wrote (8263)	11/17/1997 12:56:00 PM
From: Cynic 2005	Read Replies (4) of 18056

To all, What has changed since last week? Nothing! The stock market game at present is the biggest scam of the year. IMHO! People are enticed by the idea that the market overcame the sharp sell-offs of July 96 and March 97 and October 97 too shall pass. Or Does it? Do we still see those pies in the skies? The myths like Asian miracle and Latin American boom have already been shattered. Another myth, the Goldilocks economy of the US will suffer the same fate, IMHO. Signs are there. Yes every one can see them but one must be willing to admit to some naked truths. How many people are knowledgeable enough to understand the implications of deteriorating world market fundamentals? A mere short-term government interventions which are aimed at protecting greed will not be good anough in the long run. That is, they come at some cost. Brazil's austerity measures point to a recession. Japan's banking sector bailout cost the tax payer dearly and even trigger a severe recession. Are these things good enough to sustain lofty valuations of the equities? I don't think so! The biggest lie they ever told people is that markets always go up! It is true in some sense. The fact that it is higher now than it was in 1929 doesn't make a bullish case for the people who bought at the market peak of 1929. Back then several 60 year olds, who could have used money for retirement would have been descimated. 30 something gang would have to wait till they become 50 something to get back even, let alone ahead. Besides, money doesn't grow on trees. Just some thoughts. Now, it is getting ratehr obvious that my put positions starting to hurt, doesn't it? -g- Any how, I want to refocus the attention to a great note posted on this thread earlier today. At 10:55 today the market is up over 110 points (naz +27!) Bad time to get bearish! Here is an independent thinker who can thinks logically makes a call against the Street collective judgment. Thanks to Defrocked. techstocks.com -Mohan

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next