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Strategies & Market Trends : Piffer OT - And Other Assorted Nuts -- Ignore unavailable to you. Want to Upgrade?

To: AugustWest who wrote (62060)	12/20/2000 1:39:29 AM
From: AugustWest	Respond to of 63513

man, that is rough and very incomplete. if I can't put together a better agrument than that, I deserve to be wrong. I hope I am. Now go to bed and pretend I never wrote that.

To: AugustWest who wrote (62060)	12/20/2000 1:45:47 AM
From: AugustWest	Read Replies (1) \| Respond to of 63513

>>>At this point, I think a lot of people will be getting out at any opportunity. Right now, I precieve that the story will be sell any good news as opposed to buy the bad news-which we have been accostomed to doing

To: AugustWest who wrote (62060)	12/20/2000 1:52:16 AM
From: Junkyardawg	Read Replies (1) \| Respond to of 63513

I agree with some of what you say but I am of the strong opinion that most of this was not necessary and that the FED caused it. They are screaming now that employment is still too high and to many people are working. I never liked that stupid reason and I especially don't like it now. This is Temp season. The season when hundreds of thousands of jobs are created for the holiday season and unemployment went up a little on the last report. The numbers we are seeing coming out now are very bad and they are bad during the spending season when we usually have the highest employment. What in the hell are the numbers going to look like next month when all the temp jobs are gone and the holiday spending is over? Its going to be bad and the FED should have been smart enough to have seen this long ago. One more thing that pissed me off was when the FED first starting raising rates they used the excuse of more houses being built and bought as inflationary. That was a crock of shit. Hell they caused it. Its simple, after the first rate hike people knew that the fed was going to raise rates so the ran out and refinanced and built new homes before the rate increases hit the market. So of course housing was higher the damn fed caused it. Then they give this stupid reason that higher oil is inflationary so the want to wait before they lower rates. Bullshit. It may technically be inflationary but I know most people will spend less on housing and things when they have to pay more for gas to go to work and heat their homes. Higher gas is in effect a higher tax and it reduces peoples spending. My whole point all along is the FED should have just stayed out of it and let the market do its thing. The market always knows whats best for itself and we never had inflation. In short Greenspan is an idiot and insane and power hungry. Bush should take him out of office while people hate him and the markets are so bad. BTW: I have never put anyone on ignore;-) esp.you dawg