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Politics : High Tolerance Plasticity -- Ignore unavailable to you. Want to Upgrade?

To: que seria who wrote (10447)	11/10/2001 10:10:55 AM
From: Telemarker	Read Replies (2) \| Respond to of 23153

Hi que seria! <<I don't see how the correction of prior excesses and the playout of asset deflation could have been thought complete then, even had the attacks on our nation never occurred. Austrian economics offers wonderful insight into how gov't interference only prolongs and exacerbates a market's necessary, periodic corrections of misallocated capital.>> The only thing more amazing to me than the ongoing editing of stories that the Street's spinsters put forth is the number of people who take them for real. Many who just recently exhaulted our wonderous economy that privately allocated capital like no other, shrinking govt., and growing surpluses are now cheerleading for the White Knight that is our govt. coming to the rescue. One would be tempted to think that after centuries of mankind's management of economics we now are the first to have discovered liquidity injections and deficit spending as the path to permanent prosperity. What nonsense!! On an intellectual level, I just can't see how anyone could look at the present disfunctional mess that are our financial system and ecomony and not see disaster coming. It appears that Casey is going to keep the throttle wide open until the trainwreck finally occurs. IMO, this is Noland's best, most comprehensive and most scathing piece yet. Pretty much sums up where we are now (except for the pervasive overvaluation of equities of all sorts) in my eyes: safehaven.ca "I hate to be the unrelenting curmudgeon, but the Fed’s seething travails to forestall recession are laying the financial and economic groundwork for depression." AMEN!! Woe be coming to those who continue to ignore (or are incapable of grasping) common sense here. Whether the others are able to find safe ports in the upcoming storm remains to be seen. But, I suppose if worse comes to worse we can all go out and buy a new car... or how 'bout a boat, perhaps a plane? (there may be lots of used ones for sale soon). I'll also note my interest in Noland's theory that the Japanese have put themselves in the position of doing the Administration's "dollar support" work for them. Pardon my outbursts. My level of disgust rises weekly. Best of luck to all, and thanks once again for a good board. T

To: que seria who wrote (10447)	11/10/2001 2:25:43 PM
From: Warpfactor	Read Replies (1) \| Respond to of 23153

I'm looking at tech charts and I see a much more powerful rally than April. If you're looking for a correction, I suspect nothing more than a normal retrenchment off of sizeable upside moves. QLGC to 42, IBM to 105. Check out Accumulation/Distribution line and money flow for the following: While we rallied in April, A/D line was still in a down trend (or flat at best). My guess, a few more months of advances. Enough to lure unsuspecting investors into the market before springing the final trap. Wouldn't be surprised to see rally last into next year Jan/Feb. stockcharts.com[w,a]dacayymy[d20010301,20011109][pb200!b50][vc60][iLb14!Lc25!Lk28!Lf] stockcharts.com[w,a]dacayymy[d20010301,20011109][pb200!b50][vc60][iLb14!Lc25!Lk28!Lf] stockcharts.com[w,a]dacayymy[d20010301,20011109][pb200!b50][vc60][iLb14!Lc25!Lk28!Lf] also the QQQ: stockcharts.com[w,a]dacayymy[d20010301,20011109][pb200!b50][vc60][iLb14!Lc25!Lk28!Lf] Just speaking from a technical perspective. Warp