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Strategies & Market Trends : Stock Attack II - A Complete Analysis -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (1528)	2/28/2001 8:32:33 PM
From: Michael Watkins	Read Replies (2) \| Respond to of 52237

Scott What if almost everyone is trying to become 'smart money'...There is so little conviction that it will take a BIG change in market psychology to turn the Naz around. Greenspeak is still way behind the curve with rate cuts, IMHO....History may show this clearly in a few years...=) Similar question somewhat, not totally, discussed tounge in cheek on the futures thread: >> Wonder what would have happened if Greenspan had not upped rates, and then all these teck earnings started coming in like they are now...? << COMPX would have tanked from 7,000 instead? And probably still have dropped to where it is going. So he did folks a big favour! Despite the carnage I have a hard time feeling much sympathy for most people. People bought unrealistic dreams, assuming nothing bad could happen and they'd all be able to sell at the top. But of course that's not possible. This decline has less to do with rate increases than it has to do with a mass psychology effect of people coming to their senses. Throw in some bad news and realization that 'this time it isn't different' and here we are.

To: stockman_scott who wrote (1528)	2/28/2001 9:58:52 PM
From: Terry Whitman	Read Replies (1) \| Respond to of 52237

Greenspam sold his soul to the devil in 1998 when he rescued the gamblers with his rate cuts. We were due for a cleansing wipe out in 98- and he short circuited it to save the hedge funds. We would be in much better shape now if nature had run it's course 2 years ago. The birth of the Greenspan Put gave the gamblers the green light to speculate. It was an unfortunate moment in economic history. Millions of speculators renewed their confidence in the giant ponzi scam. Wall St. of course took full advantage of it. Printing tons of worthless stock in the name of 'The new era'. It's all quite shameful- but a fool and his money will part ways in the long run anyway, so we may as well collect some of it. <g>