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.

Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?

To: Lucretius who wrote (11199)	2/19/2000 5:32:00 PM
From: pater tenebrarum	Read Replies (1) \| Respond to of 42523

well, there is a 'new economy' in the sense that innovation has led to the formation of new industries, as is typical for a disinflation boom. look at the earlier disinflation boom this century in the '20's. it also marked the emergence of a 'new economy' and big productivity gains (bigger than today's btw.) were achieved. all this is of course completely besides the point when it comes to the way to loose monetary policy and the credit and asset bubble. they too are typical for the disinflation boom, and the Fed should have been aware of that and should have acted accordingly when it became clear that a bubble was beginning to form a few years back. they could have raised margin requirements then and kept the money supply at bay. by not doing so they have painted themselves into a corner. one shouldn't be fooled by Greenspan's explanation re. why he doesn't want to raise margin requirements now. the only reason is that he fears it would instigate a crash and he would be blamed for it.

To: Lucretius who wrote (11199)	2/20/2000 9:23:00 AM
From: Giordano Bruno	Read Replies (1) \| Respond to of 42523

the NAZ panic cycle... Greenspan was unequivocable,he is targetting the stock mkt. If it grows faster than personal income, he is going to continue to raise rates accordingly until it slows down or sells off. If OIL goes to $35 over the next few yrs, the FED doesn't care, but if it goes to $35 in the next two weeks, he does care. Its not the level, its the rate of speed at which mkts move that bothers him. But hey folks,nothing to worry about here...except maybe that monthly PANIC CYCLE due in March for the NASDAQ!!?? If this Panic Cycle means "panic selling", then investors lose big-time; but if this Panic Cycle means "panic buying"..investors lose big-time!!??...because the FED will not tolerate panic buying. Asset Inflation is a strong worry for the FED, as it should be. Dirty Harry is back in town! If Greenspan is "Dirty Harry" and the punk is a momentum day trader buying tech/internet/biotech stocks on margin, the msg from Greenspan to the punk: "Do you feel lucky punk?" SPH0 has broken below Tuesday's Low (at 1380) and may soon test 1369; breaking below 1369 may signal a Free Fall. Closing below 1352 today will confirm a move to 1303 and we cannot rule out a test of 1147 before the correction is over. On the Nasdaq (mar) we cannot rule out a test of 2022. No that's not a misprint!! 1147 is our second monthly bearish reversal on the S&P march contract; and 2022 is the 2nd lower monthly bearish reversal on the Nasdaq (mar). If you still believe in momentum trading or that " fund flows" is everything and that nothing can stop this market, maybe its time you watched that Dirty Harry movie again. Try to find a movie in which Dirty Harry loses. James Smith