To: patron_anejo_por_favor who wrote (116619 ) 8/10/2001 6:04:08 PM From: chic_hearne Read Replies (1) | Respond to I think I've got this game figured out. I just wonder if wall street also has the game figured out (ie, organized conspiracy), or if it's just plain stupidity. I'm talking about all the reasons why the market "should" recover. The crap they keep feeding us. Even with little education in economics, I'm stunned again and again at what comes out of the mouths of the talking heads that get paraded on CNBS. If it's so painfully obvious to me, how come these guys with their fancy degrees from prestigious colleges appear to be so brain dead? For example, the Bush tax cut. $40B sounds like a lot. To someone who is clueless about economics, it would be easy to say this is going to have a big effect on the economy and help us recover. So they push this idea in print and on TV. The Clowns buy it because they want to believe. But step back for a second and put this $40B in context. In the last 12 months Cisco ALONE has lost over $500B in market cap. In other words, this tax cut means sh*t in the big picture. It also goes to show how these Clowns let the stock market become the economy. It just got to frigging big. So big that it drove the economy, as opposed to what the talking heads would have us believe, which is the great tech earnings drove the market higher. Well my friends, the stock market "is" the economy and it's f*cked. Now almost seems like the calm before the storm as the Clowns keep "hoping". Eventually, enough will give wall street the middle finger and we're going lower, much lower. To depths that work out the excesses of the market. Who knows when or how low, but it will be lower than now.
