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To: CYC who wrote (15013)8/30/2000 5:07:13 PM
From: pater tenebrarum  Respond to of 436258
 
i couldn't agree more. what's happening is simply an ongoing rescue attempt to be precise. the Fed and its members are juggling many plates at the same time, and what it's all about is bubble management...keeping the credit and asset bubbles afloat.

eventually there will be one plate too many, and the dam will break....

i won't comment on gold shares...they speak for themselves...-g-



To: CYC who wrote (15013)8/30/2000 7:05:41 PM
From: NOW  Respond to of 436258
 
I agree: I see little reason Clinton won't want the bubble to continue till he is well out of town. As for AG, till he is long dead...

Consumer spending and foreign lending are all that matters...



To: CYC who wrote (15013)8/30/2000 7:17:49 PM
From: CYC  Respond to of 436258
 
dailynews.yahoo.com

GAP reports disappointing sales. Don't young kids need fashionable clothes for the school opening? Is GAP not "the thing" now?

Sigh..., I don't know why I even try to pick shorts among tech stocks. -ng-



To: CYC who wrote (15013)8/30/2000 9:51:33 PM
From: Perspective  Read Replies (1) | Respond to of 436258
 
It's more than just the Fed here. There is tremendous influence from the Executive branch as well which may be even more important in the four-year cycle present in our stock market. The President regularly holds back some discretionary spending, then blasts the economy with everything he possibly can in the year leading up to the election. It adds to the inflationary fires that the Fed eventually has to extinguish in the year following the election. Usually they are already burning by election time, but there is an implicit understanding that the monetary authorities don't mess with the political motivations of the party in power.

The absence of the discretionary stimulus from the Executive branch will contribute to next years' downturn.

BC