Bonnie you refer to Grand Plans,and agreements between Mr.Greenspan
and Brokers etcetera,and I believe there is much reality to this idea.
I do know there have been "war room" discussions of the "mover and
shakers" on how to turn the market right if it goes into crash mode.
People of a strong bearish nature have a tendency of seeing the death
of the market place as an inevitibility,an entropic event,the death of the 215 year Bull,but,I feel,that because of the elements of power
people in power places knowing ways to alter events in the market place,the inevitable will be put off in the near future,at minimum.
When we look at the Asian crisis,we see at the root of the cause
corruption,greed,cronyism at the top,and I say as long as you keep these elements to a minimum in the marketplace it will prevail.
I myself am both amused and appalled of overvaluations such as
AOL,but this is not the totality of the market.If AOL were to crash,
and others like it,the money would flee to more rational investment
and all would adjust.Point being,as you have already noted,there remains plenty of room to adapt and adjust.It is when money has no
other places to go that you have death in the market place.
Well enough of this,I am offline for the night.Good Luck,max90 |
