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Strategies & Market Trends : Zeev's Turnips - No Politics -- Ignore unavailable to you. Want to Upgrade?

To: 4rthofjuly007 who wrote (37780)	3/5/2002 8:08:29 PM
From: DebtBomb	Read Replies (1) \| Respond to of 99280

World Threatens Retaliation Over U.S. Steel Tariffs Tue Mar 5, 2:04 PM ET story.news.yahoo.com

To: 4rthofjuly007 who wrote (37780)	3/6/2002 4:34:08 AM
From: Psycho-Social	Respond to of 99280

Government Intervention in Marketplace: I did previously mention that Congressional hearings on Smoot-Hawley took place in the week before the '29 Crash. Other examples of "coincidences": Nixon imposed Wage & Price Controls in January '66 and the DJIA's 23-24 yr secular Bull Market peaked. A Congressional Committee considered a bill to severely restrict LBOs in the week leading up to the '87 Crash. Gov't initiated action against Microsoft in April '00, I believe. There's quite a litany of instances where some gov't action to meddle in the Marketplace has coincided with the end of Bull Markets and the start of Bear Markets. This action re Steel may not be of the same magnitude as those prior examples, but Wall St's reaction to such actions tends to be negative. Often, other events get the blame, but there are too many such coincidences to be ignored.