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 : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: UnBelievable who wrote (57737)	1/12/2001 7:38:00 PM
From: pater tenebrarum	Read Replies (7) \| Respond to of 436258

quite correct...it's the mufus buying, and they're doing it in exactly the manner you suggest. it's about stemming outflows and luring more money in...it's also about bonuses of course. like the Captain said, they drove the market down on the first trading day so that their performance would be measured from the lowest level possible. it's a rig job extraordinaire, and has simply nothing at all to do with investing anymore. but like every fat and happy cartel, this one will get its come-uppance too. in Japan the mufus lost 96% of their assets between 1990 and 1996. so the Japanese people DID figure out that their stock market investments were not 'savings'. it's possible, even probable, that the atmosphere of recklessness and rank speculation that characterizes the US market will undergo a similar transformation, i.e. that people will realize that their financial survival may be in jeopardy if they keep relying on the forever expanding bubble. they noticed in the late 20's/early 30's too (although public participation at the time was a fraction of today's). i think what's needed is a shock instead of the Greenspan put.