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

To: bobby beara who wrote (39237)	2/4/2000 10:49:00 PM
From: Casaubon	Read Replies (1) \| Respond to of 99985

BB, If we live longer because of better medicine, we'll need more medicine. There's built in amplification of the drug profits loop. Hey don't get me wrong, the whole market is "loopy". I just want my fair share before someone takes away the money tit. edit: As far as options go, I don't know why anyone would go to Las Vegas, or AC.

To: bobby beara who wrote (39237)	2/5/2000 10:18:00 AM
From: Haim R. Branisteanu	Respond to of 99985

BB, I agree that the productivity issue it is just another slogan. Productivity improved since the start of civilization. Most recently from word of mouth to newspapers from horses to cars from human messengers to radio, from manual accounting to computerised etc. I would like to ad that this time is different - for the simple reason that governments and politicians all over the world realized that today the stock market can be used as an useful political tool to stay in power, no matter how corrupt the politician is. US markets proved to be a great example. Further the market as a whole does not reflect the the individual stocks and as some one posted on this tread less than 10 to 20 stocks actually represent most of the indices, and momentum playing and stock price manipulation is the norm with law enforcement completely absent. All this said I would not negate your theory but IMHO until the US enjoys full employment we will be in this ponzy scheme, of buying worthless paper only to sell it at higher prices to a greater fool or in many cases to person who was short. Therefore as long as liquidity or printing fiat money is in force the game goes on. In my opinion they are trying to adjust the rate of growth in such a maner that the public will not sense the inflation an party on and the replacement cycle will reapear. One of the most foolish statement from Kadlow (spl??) of CNBC is his contention of wealth creation - best example if the price of my home goes up does it make me wealthier?? in accordance to Kadlow YES in my opinion NO. Why because it is the same house and nothing has improved in my well being. It is all paper wealth, and if want to buy a new house I also must pay higer prices so it is a zero game not wealth creation. Same with personal income it rises but my rent rises (percent wise) more than my income so de-facto I am poorer.(In NYC rents are up 25% this year). BWDIK Haim