To: stomper who wrote (37506 ) 3/26/2001 11:05:35 AM From: IQBAL LATIF Read Replies (1) | Respond to Funds who are interested to sell like 'hedge funds' have no economic reasons that justify htat selling, like wise the funds who come and buy may have no economic reasons but when companies become oversold we do see that some kind of action is required, in case of LTCM if it was allowed to go under we could have seen a lot more damage ot the global finance and if Tsong would have not interfered with HK markets on that eventful Friday, hedge funds would have taken 'won' under, that one devaluation would have brought a new flight of hot money from ASEA.. So in hindsight may be some sellers need some highhanded buyers, neither do the sellers nor the buyers have nay idea and as I have said before in htis market liquidity is hte king, when we have liquidity we have excess on the upside when we have lack of it we have excesso nthe down side. Unlike Gold standard where gold could not be created, $'s can be and here isthis whole issue of bubble and pricking a bubble, if 5300 was bubble, 1800 is a antithesis of htat bubble, we can easily afford a 10 trillion $ market cap with a 854 billion $ of total profits (EBTD).. right now I wouldl ike that hedge funds should be stopped outo n hte up, hte point htat can happen is 1280, we are far far below, if we get weak sentimennt number and we get into that 'rally mode aobve 1180 break, I can tell you that 1280 break is doable..and 1328 will than lie a stone distance htrow away, if we get that the rally or the meltup can begin, as I have called here several times market is a big casino, by the way if i was FED I will cut on the way up for the right bang for the buck..
