Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?

To: westpacific who wrote (78827)	6/16/2001 7:10:09 AM
From: s berg	Read Replies (1) \| Respond to of 99985

Risky experiment as Gore used to say. Strongly agree with your "experiment" metaphor. I think you are also correct that we could be in a new short cyclical bull in a much longer secular bear. It is interesting to watch LG identify support points where the market might reverse intraday. You wonder with the economy whether, analogous to buying stocks when they are down intraday, injecting liquidity works better when the economy is at an intracycle low. What Greenspan is doing now, trying to be more proactive could backfire if a falling economy just absorbs liquidity and spits back stagflation. And lets not forget that one way of looking at the current problem is as Y2K related, the result of the Fed's misguided injection of liquidity to avert an overated problem. It could be argued that the attenuation of economic cycles, we used to have alternating depressions and booms, represents tremendous government policy progress. But still I am leary of a federal bureaucrat bias towards micromanagement. And who knows perhaps it was all Rubin behind the scenes. Maybe we should nominate LG to head the Fed. I think you could also view having a 401K retirement money based market as an experiment. It is probably a good idea. Still, we won't know the results of that experiment until we have observed a full secular bull and bear market cycle IMHO.