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

To: Benkea who wrote (25257)9/8/1999 4:08:00 PM
From: pater tenebrarum  Respond to of 99985
 
Benkea, the asset bubble and the credit bubble go hand in hand...this is precisely why the market continues to laugh off the Fed. participants are simply convinced that no-one will dare to prick the bubble. the Fed, by announcing it's intention to intervene in the case of a sharp fall in prices has introduced a fresh dimension of moral hazard to boot.
nevertheless, neither the credit nor the asset bubble are sustainable in the long term.

regards,

hb


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