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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?


To: Kirk © who wrote (43873)3/16/2001 10:35:51 AM
From: 16yearcycle  Read Replies (1) | Respond to of 70976
 
"Perhaps it is not THAT controllable and what we are seeing is a "reflection" that you often get after an impulse hits a natural system"

There is very little truth to that, imo. They have nearly total control over this number.They are blowing it, completely.

Some argue that the monetary base is the wrong number to look at, and we should look at M1 or MZM, but stock performance over the years reflects the % increases and decreases in the base number, much better than the other monetary numbers, so that is the one to look at, again, just m.o.

Others argue that the chart looks like that because of the removal of the y2k balloon. I agree. But underneath the chart you can see that while the fed was aggressive in January, very aggressive, since then they have done nothing again. The stock market has recognized this and panicked again, justifiably so. There is literally NO danger in them easing, while by staying tight we are in the early stages now of having a global meltdown. they can still save the day, but everyday brings more data that they are falling farther and farther behind.