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Strategies & Market Trends : Rande Is . . . HOME -- Ignore unavailable to you. Want to Upgrade?

To: Rande Is who wrote (49397)	3/19/2001 2:07:26 PM
From: American Spirit	Read Replies (1) \| Respond to of 57584

I'm not trying to wound anyone's feelings. I could care less who's loyal to which political party. Just telling it like I'm seeing it. And that's my right. Look, I disagreed with Softechie and joined in the lambasting of him but you know what? He was 100% right. Should have listened to the A-hole and made some money. So be aggravated but don't switch off your radar and bury your heads. What I'm saying is basically this: - Greenspan alone is the man who can turn this around - The hangover from the election plays a part in this mass psychological market malaise - The tax cuts are deemed irrelevant by the markets - Negativity breeds more negativity into the irrational zone and that could crush our whole economy. Like Barrings Bank went belly-up not because of the 300 mill loss itself but because of the total panic fear of more losses and lack of confidence which followed. This is a microcosmic example of what I now see happening to LU, YHOO, etc. etc. People are actually beginning to fear these companies are "worthless". When that's anything but true. As a result this market is getting extremely oversold. - The way to erase the malaise of the election is to pass campaign finance reform plus compromise on the tax cuts with realistic (lowered) future surplus numbers. But instead of grasping any of these points I get attacked because I have the nerve to suggest Bush is not going to be able to do squat to help the markets. Which is true. In fact, I believe that if he follows his current agenda, he can only do us harm. Because his numbers are unrealistic. Just like the internet bubble it is the surplus prediction bubble. It's not Bush's fault the projections exist but he's using them and should know better. The American people sure know better. Thigns have changed. Those surpluses aren't going to be there. No rich people may have to wait for their sweetheart deals from the GOP. And Greenspan knows this too. Paying off the debt and keeping rates low is much more important to the markets now. As for my feelings about shorts, at this point we are teetering on the brink. Unless Greenspan steps in aggressively we could fall lower. That could bankrupt, milk and drain more and more companies, individuals, retirees, people in your family, your friends, people who can't afford it and just by snowball effect alone we could end up in a deeper gloomy recession. It could mean a world-wide collapse on a much greater scale than can ever be justified. Like I said before, my only fear about Greenspan is that he won't admit it but he HATES the tax cut idea. Therefore he could stall aggressive cuts until Bush's plan is defeated in the Senate. My opinions are nothing personal to Republicans at all. It's just that they are in charge now and look what's happening. And if they crucify their own savior McCain they will doing all of us a great-great dis-service just so they can continue corrupting the system. And it is corrupted. Nader was right about that. This is not a partisan statement (though the GOP gets the greater amount from corporations and especially polluting ones) it is just the facts as I see them. And it does relate directly to the market right now. Let's hope the GOP lets McCain do his thing, downsizes its surplus projections, Greenspan acts aggressively and gradually investor, citizen and consumer confidence is gradually restored. Everything needs to be back in balance, realistic and reforms need to be the focus on Washington not old diehard agendas. The world is watching the US now. Make no mistake.