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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (12160)	9/22/2001 7:37:21 AM
From: sea_urchin	Read Replies (1) \| Respond to of 81930

Alan >US markets are crap now. Long term this might be good. When we start over there will be no excesses. Oversold more likely. Strikes me that we are at the end of an era --- all long-term uptrends are broken. The market bubbles are now well and truly popped but, IMO, there still has to be a lot more fall-out and consolidation before one can talk of recovery, new directions and new uptrends. Historically in terms of PE ratios the US markets are still expensive, even at these prices. To me, an increasing worrying feature is the extent of state involvement and manipulation in the markets and in the economy, generally. That's why I posted that bit about socialist USA yesterday. Only this time, it's not socialism for the nation but socialism for the boyz. Everyone's attention may be on bin Laden and terrorism at the moment but, IMO, the real "war" is going to take place between all nations, allies and others, on the economic battlefield.