Buffettology Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Buffettology

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: James Clarke who wrote (524)	10/30/1998 4:01:00 PM
From: jhg_in_kc	Read Replies (4) of 4690

The bear market of the 1970s ended and this great 1980s bull market began on Aug 18 1982, with the Fed preparing to lower interest rates, from 14% to 10 3/8% on the long bond by year end. The bear market of the 1998 began in the spring of this year, appeared in the indices in July and ended at 12.30 p.m. EST on October 8, 1998. That day the WSJ reported emergency phone calls went out from the Fed to money centers and brokerages. The Fed has now cut rates twice. The bull market of 1998 to 2000 and beyond has begun. Only global depression will stop it and banks and governments worldwide are making it clear they will do everything they can to not allow this to happen. Stocks are up 20% since Oct 8; Buffett tried to buy LTCM at a nickel on the dollar. October is over without a crash. In my view those midday calls from the Fed on the 8th prevented it from happening that day. All is well. We will, wiser men and more nervous to be sure, nonetheless press on with courage to Dow 12000 in 2000. I sound the All Clear. all the best jhg

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next