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Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: LLCF who wrote (152534)	2/20/2002 9:23:02 PM
From: Petrol	Read Replies (3) \| Respond to of 436258

One thing that makes this rally suspect (in addition to 200+ points on the DOW in a matter of hours) is that almost everyone posting their long buys are using exclamation points and bulls are getting nasty again towards anyone short.

To: LLCF who wrote (152534)	2/20/2002 9:24:52 PM
From: robnhood	Respond to of 436258

Maybe,,, we'll see how things develop--

To: LLCF who wrote (152534)	2/20/2002 11:15:19 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

>>The way I see it, then, is that the Fed has few options other than to keep short-term interest rates low so as to try to prevent the explosion of household debt. Of course, low short-term interest rates will tend to increase the quantity of household debt demanded. So, low short-term interest rates could very well lead to even higher household debt-to-income ratios. So, what's wrong with this? For starters, the Fed invites higher inflation by artificially holding down short-term interest rates. When the Fed has to raise rates in order to fend off higher inflation, the consumer debt "game" will come to an abrupt halt. But given that the household debt load will be that much higher, the endgame consequences could be much more devastating. We live in interesting times, no? << The way I see it households have already hit the wall and the Fed is powerless to stop the 'implosion' -- the 'explosion' has already happened. I got a fishing catalog today -- 6 months free financing on fishing equip?? WTF. Time to select some retailers and some homebuilders -- get short and stay that way. Fed is out of ammo.