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Strategies & Market Trends : Asia Forum
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To: Ramsey Su who wrote (6020)8/30/1998 4:30:00 PM
From: Jack Clarke  Read Replies (3) of 9980
 
Hi Ramsey,

I admit to total ignorance about HK, but it seems to me that market manipulation never works for very long. For example, a lot of people may be holding overvalued stocks (as are most in the US), and when the market starts to fall, they have no one to sell their stocks to. So if the government steps in and buys those overvalued stocks with taxpayers money, it seems to me that they are just rewarding people who either bought too high or held on too long, again protecting the greedy or stupid with others' money. Is there any law that says markets always have to go up? History tells us otherwise. Just musing.

Best regards,

Jack
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