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Strategies & Market Trends : Analysis Class for Beginners

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To: Arthur Tang who wrote (777)	4/29/1998 11:39:00 AM
From: Arthur Tang	Read Replies (1) of 1471

Several days ago, Wall Street Journal and CNBC attempted to perpetuate a rumour that FEDs will raise interest rates. They couldn't say which interest rate but caused a mini crash when NYSE just relaxed the trading collar. Rumours can crash the Wall street markets; because a run on the specialists crashed the 1987 markets. To boost the market, only cash coming into Wall street can do it. The journalists are irresponsible or darn right criminal to try to crash the market. what they can not do is to sabotage the new economy, unless they crash the Wall street market first. Greenspan made the mistake of letting the rumour go on without correction. The market is now cooled down. But investors will stay at the side line, for a couple of weeks. Next week if the market is still calm then maybe most investors will come back. If Wall street Journal journalists and CNBC personnel own stocks, they got their just deserve to try to crash the market. Always think of the side effects and what it will do to yourselves. Investors just yawned and wait it out. Don't get excited and sell and lose money. Available stock to sell, runs out and the market calms down.

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