Silicon Investor (SI) -- The First Internet Community

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 : Anthony @ Equity Investigations, Dear Anthony, -- Ignore unavailable to you. Want to Upgrade?

To: Boddington who wrote (39917)	7/3/1999 7:18:00 AM
From: ayn rand	Read Replies (1) \| Respond to of 122088

I guess the DOW will be going to 20,000. Looks like there's not a care in the world as far as the stock market is concerned. I don't really know what to make of all this euphoria! pei-asia.com "The July 20th,1998 peak was indeed the pinnacle of foreign interest in the US market. The foreigners simply left and capital has contracted significantly. Even the big hedge funds are rumored to have suffered 50% redemptions since July 20th. All this spells the word CORRECTION. However, at the same time, the rest of the world is imploding. Japan doesn't stand a prayer of recovery until 2001 despite all the bullish nonsense from people that wouldn't understand a single word in Japanese no less their culture. The euro was touted to be at $1.90 by now. Remember – the euro was going to REPLACE the dollar! Well that's another consensus forecast for the history books. Europe is falling apart and Italy's dispensation to waver from the group agreements is just the beginning. A single currency works ONLY with a single economy. It has NEVER been possible to allow more than one government to control the money supply. These trends have left the US economy as the only bright spot in the world and it has been this reason why the CORRECTION is not causing a 50% decline. It also means that holding on to the gains and restricting dips to within 30%, the general long-term trend remains intact. It also suggests that when the tide turns back to strong capital inflows perhaps next year, the bull market could easily continue into 2003."