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

To: Crimson Ghost who wrote (36204)	12/29/1999 4:27:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 99985

George, the main problem with Kellner's view is buried in the bubble itself. now that a 'closed-system' mentality has taken hold in the stock market, driving the leading stocks to unprecedented multiples a hostile Fed would simply occasion a crash. no way can this market produce a soft landing. and that is something the Fed doesn't want to have on it's hands. conclusion: the bubble inflates further, until a) the natural limit of new credit creation is reached, or b) an outside event big enough for WS to notice occurs. then it crashes, just like that. the Fed may well raise rates, but easy Al will keep on pouring liquidity into the system through the back door. hb