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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Raymond Duray who wrote (11228)	11/23/2001 12:13:37 AM
From: LLCF	Respond to of 74559

<SI contributions plummet, Main Street losses complete interest in the game, etc. But the market doesn't seem to accept this as a reasonable course. Trade volumes remain ridiculously high, in view of the churning that is involved, and there isn't the sort of simple neglect of the markets that I'd expect, in view of the paltry prospects for returns. I'm stumped. My only conjecture is that this liquidity injection is bound to end badly, but that the meaning of "end" is somewhat obsucre. > Chat board posts would be a neat indicator to follow for sure... and trade volumes are amazing still. As unemployment ticks up it will be very interesting to watch things unfold, although I expect things to get so bad that this statement may actually be a bit morbid. I'm just amazed that all the new bets seems to be placed on strong recovery AND QUICK [double zero] with the way the economy continues to head down and fundamentally no reason to expect a halt to the slide other than easy money policy. I mean NO freakin reason... look at average age of houses, auto's, washerdryer, the boom in computer and electronic sales we've already seen. 5 years ago many good economists were warning the spending couldn't continue... now it's some given??? Also there are just so many things that can go wrong... economists have warned about the trade deficit as well, and now it's a given it doesn't matter... cheap foreign goods and raw materials are integral to fuel our economy, a dollar fall would be very ugly. Lastly... what about the portion of the economy dedicated to services now??? A bullish case during an expansion, but in a real recession it seems to me this two edged sword could cut much worse than people realize. Turkey Day Rant DAK