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Strategies & Market Trends : The Millennium Crash
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To: Chip McVickar who wrote (1783)12/17/1997 2:04:00 PM
From: Staff  Read Replies (3) of 5676
 
Yeah! I'm looking for a pretty good size hit of about 800 to 1000 points.
Anticipate a 2 day window with the time frame starting last night.

Seems I'm like a lone bear. News out of Japan last night was very interesting and not a nice way to start off my bearish senerio.
Yikes!!!!

I love it. Banks have no money so they will borrow it from the private sector. They will borrow money from people so they can give it to the banks so the banks can gie it back to the people ( less the paper work filing fee's of course:-) )

They need to borrow money from the private sector to keep the banks and ecconomy afloat because they are the only part of the entire ecconomy that has managed not to lose their shirts..
Yet ... at the same time they tell them they will need to anty in some funds to save the system...the same system anounces they are going to give a 2% tax break to everyone to stimulate the ecconomy.

Wow... talk about voodoo ecconomics. Can't wait till they shake the bones over the fires to see what they come up with next.

Sounds like the are winging it day by day...

Now I'm absolutly convinced nobody in the ruling liberal party has a clue what is going on much less what to do about it.
But....that's another entire issue for another day.

Have a good trading day... should be interesting next few days.

I'm sure the dow will manage to be 100 points higher today and make me look foolish but then again you never know. That's the fun part about playing the game I guess.

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