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Strategies & Market Trends : Bonds, Currencies, Commodities and Index Futures -- Ignore unavailable to you. Want to Upgrade?


To: Chip McVickar who wrote (1176)2/12/2001 1:12:46 PM
From: Raymond Duray  Read Replies (1) | Respond to of 12410
 
Hi Chip,

Re: Remember most of the brokers out there know only the boom market of the last 10 years. They expect to hop-on another rocket any time now...!

This is going to be stimulated by the FRBNY at the discount window:
biz.yahoo.com
biz.yahoo.com

AG must resolve the problems that we have in the real economy, and an inevitable consequence that he must live with is the creation of another speculative bubble in the equity markets. I'm sure the NAZ is viewed as little more than a prickly headache by the Fed Governors. :)

I read this weekend there's Trillion$ of dollars hanging around in money markets just wating to be invested.

Do you have a URL to share? I've been hearing this same thing since last May. I'm beginning to disbelieve this sort of statement as simply another bit of dissembling by the broker community trying to catch the unwary retail investor who has too itchy a trigger finger. I'm still of the view that growth in corporate earnings is going very negative, and the price of equities will follow. We haven't even come close to seeing a real bottom being put in here. The FRB will work to counter that natural tendency in the equity markets because it would be just too painful to countenance the total loss of faith in the equity markets that accompanies bottoms. So, I believe we are in limbo for a while longer.

Best, Ray :)