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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (23157)	8/17/1999 10:49:00 AM
From: j.o.	Read Replies (1) \| Respond to of 99985

Heinz - <<investors have learned that stocks are the place to be and that any hiccup will be countered by the Fed opening the monetary floodgates; stocks have therefore come to be perceived as a virtually riskless asset>> When a real break comes, these investors will be shocked to learn that only when people are bullish about their and the market's future do they take advantage of cheap liquidity. As we have seen in Japan, when the sentiment turns bearish, even money-for-free becomes a matter of "pushing on a string". If there are no takers for the cash, it can't enter the economy. Europe is having the same problem to a lesser extent - too few people believe that the future holds growth, etc., so they never make it happen. Sad, really - guess that's why economics is the 'dismal' science <gg> j.o. indextrade.com