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Strategies & Market Trends : The New Economy and its Winners -- Ignore unavailable to you. Want to Upgrade?


To: patron_anejo_por_favor who wrote (4802)1/12/2001 9:03:49 PM
From: 16yearcycle  Read Replies (1) | Respond to of 57684
 
You are absolutely right. I sold at the close and went short. I don't see this turning around for years. There is nothing the fed can do that will work, and they will really screw things up by reinflating and causing inflationary pressures to resume.

All the best,

Gene



To: patron_anejo_por_favor who wrote (4802)1/13/2001 6:57:56 PM
From: craig crawford  Read Replies (1) | Respond to of 57684
 
I understand your point. Greenspan can print as much money as he wants to, but if it doesn't get spent on stocks it won't do the market any good. However, lots of that money sloshing around has gone into bonds. All that needs to happen now is some aggressive easing and then some of that money sloshing around can find it's way back into the equity markets, because bonds won't be as attractive. Greenspan is doing fine running the printing presses, now he just needs to give the markets the psychological boost of interest rate cuts.