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Strategies & Market Trends : Sharck Soup -- Ignore unavailable to you. Want to Upgrade?


To: Paul A who wrote (35632)9/17/2001 11:16:37 PM
From: Frederick Langford  Read Replies (2) | Respond to of 37746
 
I agree, a lot of the selling was foreign money.

Fred



To: Paul A who wrote (35632)9/17/2001 11:59:36 PM
From: Merlo  Read Replies (2) | Respond to of 37746
 
"Merlo- not quite sure how you reached the conclusion that Greenspan induced fear.. I couldnt disagree more.."

The same way the Fed induced fear and panic in 1929. Study your history as it keeps repeating itself. The bubble should have been stopped a long time ago in the first term of the Clinton Administration. By waiting to long and then increasing rates to fast he induced the bursting of the bubble. Later on, when he should have been cutting by 1/2 points he gave us little 1/4 point cuts. History has proven that the Federal reserve had a hand in the 1929 crash that put millions of people out of work. It will also prove they had a hand in this one.



To: Paul A who wrote (35632)9/18/2001 8:19:37 AM
From: Wes Stevens  Respond to of 37746
 
and the upside part of this equation just got alot better

Paul, why do you think the upside got better? The one thing that has keep the economy from a recession has been consumer spending. With the fear of war and all the lost jobs I think we will see consumer spending pull back hard.

We have already seen a lot of companies warn because of the bombings, I think we will see a lot more in the coming weeks.

I think we are in for a long recession. This coming war will not be the type where the government spends a lot of money on bullets and pull the economy up. It will be more of a stealth war.

For me I am going to sit and wait for a while before I jump back into this market.