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


To: pater tenebrarum who wrote (34752)5/23/2000 11:48:00 PM
From: sidney-8  Read Replies (1) | Respond to of 42523
 
I don't have cable/cnbs and get my main impression from the Nightly Business Report, which is on weekdays 1130pm est on the public broadcasting network.

They have run the gamut from:

teflon market, with techs down, but you know they'll come back.

to

but not the dotcoms

to

they'll come back, but from a lower level

to

markets aren't really teflon and we need to see more reduction in valuations here

So... my feeling is that they have no intentions of being in need of explaining how the market crashed while they were pimping stocks. The changes in the general feel of how they present market action (described above) occurred over the last 2.5 months.

I think the propaganda has firmly shifted and a wk or 2 of the stick will effect the change. I don't follow mutual funds, and therefore we may be 2wks in to the stick already, I don't know, as I have my hands full day trading with only 9 or so wks daytrading experience to figure out the day trades, but you've got to enjoy the propoganda.

Did you read...
re the relationship of debt, gold price manipulation, deflationary cycles following wars and financial disasters. ...written by Lance Girton and Don Roper
csf.colorado.edu
click on: Gold Debt and the Great Depression

I don't have the knowledge to properly evaluate this paper, but it looks like a good explaination of the formula for disaster that we have been following.

mike