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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: yard_man who wrote (75390)	2/7/2000 7:11:00 PM
From: Skeeter Bug	Read Replies (1) \| Respond to of 132070

tippet, listen closely... i have no clue, but everyone else is wrong. Just believe that it is manipulated and will continue as is for the foreseeable future. ;-) seriously, though, i don't think everyone else is wrong. your view is in the minority. very, very small minority ;-) i have the same view as you w/ regard to the long term damage of this short term financial orgy. however, if interest rates start up and begin to impact share price - which is SUBSTANTIALLY UP (when you have money losing companies with tens of millions in revs trading at multiple billion market caps, a half point or a full point won't be enough to shave the necessary billions off the caps). in fact, people stopped buying earnings and fundamentals years ago. that is why, time and time again, folks get frustrated b/c bad news results in higher share prices. duh! current investors can't even read the news! ;-) but, if rates rose to the 10-12% level (and there is no reason to do this with inflation so low, right? they manipulate numbers to prevent this type of market behavior), i'd bet my bottom dollar that many, many major companies would sell out their futures to prop up the bond and lower rates. they will prop up the american currency. yeah, japan will let a protectionist administration take over the us w/o a fight... right... so, i believe you have the wealth of the worlds greatest nations fighting against you. my view is that they, and their potential trillions in resources, win - at least until they get a democrat elected. now, as i said, i'm taking my money off the table. 2 years of pain was enough to smack the greed off my bones. nearly 200% in 2.5 months is just too much to ignore. i hope it sticks for a few more weeks. btw, tippet, remember the 17% increase in 1999 money supply due to y2k issues which NEVER appeared? how much you wanna bet money supply is not reset to par now that y2k is gone? the world NEEDS the buck. they NEED u.s. markets. they NEED to use their resources to make sure they don't lose what they currently NEED. they will. the stock market collapses and they've lost u.s. markets. guess what they are going to try and avoid? they can't do it forever, but they can extend the run by mortgaging their futures - which they will. everyone's futures mortgaged to support one country. my guess is the end is down the road a ways - especially until the election.