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Strategies & Market Trends : Waiting for the big Kahuna
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To: paulmcg0 who wrote (19977)6/8/1998 8:14:00 AM
From: RWS  Read Replies (1) of 94695
 
Paul

I agree with your comments. The market is a confidence game now in which the buyers are using borrowed money.

Confidence is cultivated through the mass media. The supply of borrowed money is maintained by the Fed and Treasury. The market 'rotates.'

RWS
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