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

To: Captain Jack who wrote (12079)	7/18/2001 7:54:23 PM
From: Catman	Respond to of 52237

Captain Jack..... I have to disagree with you. I don't feel that AG's rate hikes had anything to do with our current economic situation. Much like the Tulip Craze, The South Sea Bubble, the market prior to '29, we were in an unsustainable bubble. The rate hikes had nothing to do with the overbuild in the fibre optic infrastructure. The rate hikes had nothing to do with the slowdown in pc purchases....most people couldn't justify buying a new computer every two years once speeds hit 400-600 MHZ. The rate hikes had nothing to do with the anticipation that every aspect of our lives would revolve around the internet. The stock market was overvalued to an incredible extreme, and when it gets to the point that investors bid up any new issue regardless of what they do, well, thats Tulipmania all over again. This was inevitable.....the market is back to what is really normal.....but due to the extended run of the bull market, no one believes it......and now every one is looking for someone to blame. I remember a recurring theme from Ross Perot's book regarding who is to blame for America's problems.....He said to look in the mirror. Just my opinion.

To: Captain Jack who wrote (12079)	7/18/2001 10:24:53 PM
From: Berney	Read Replies (1) \| Respond to of 52237

Captain Jack, I'll also respectfully disagree! I believe that Big money decided to go out of the Market last Fall, knowing that 1) the Market requires energy (money), and 2) they wanted to remove the Market as an election issue. I really don't consider that they cared who won, but were following a party line. No one, no one appreciated that no one would win. Compound this with the fact that, I believe, AG & Co felt they could not enter the battle and Boom! One of the largest contributors to monetary expansion - the federal government - was without direction and out of the equation. Combine this with AG & Co still putting the brakes on the monetary expansion in front of the (now) illusionary Y2K concerns, and the bubble they long-ago warned about, creates the current scenario. IMVHO from the ashes, the Phoenix will rise. Unfortunately, it may take another six months. Just a View from the Swamp Berney