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

To: carranza2 who wrote (15221)2/19/2002 2:44:39 PM
From: Raymond Duray  Respond to of 74559
 
D'accord!

Re: the speculative bubble of the late '90s may have been caused at least in part by too much money chasing too few securities

What I saw in the run up to Y2K was that the Chairman was quite exercised about the potential for the general public to panic what with all the media hype about 'end of the world' nonsense. So, he printed up about $500 for every individual in the country and started pushing it out the discount window at FRBNY. Now, the real economy didn't have an use for the money, so it migrated to the best craps game on the Street, the Nasdaq. Ooops! Lesson learned? Probably not, but the lesson is:

Sometimes you go for results, and instead you get consequences.



To: carranza2 who wrote (15221)2/19/2002 5:01:30 PM
From: Snowshoe  Read Replies (1) | Respond to of 74559
 
I somehow thought you'd suggested that shorting was viable in a 401(k). It's clearly not. Writing covered calls on an IRA is about as far as is allowed.

There is a way to "short" in an IRA - buy a fund like BEARX. (This is just an observation, not a recommendation.)


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