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Strategies & Market Trends : Classic TA Workplace -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (33848)	3/10/2002 8:42:31 AM
From: Rarebird	Respond to of 209892

Joan, these markets have rallied as a result of Greenspan pouring in about 1 Trillion in the Monetary System over the past year(M3-basis). A good portion of this money had been hiding out in U.S. Money Funds. Now that an official recession has been supposedly averted, this money has reentered the equity market, pushing it up. The answer to the question of whether the rise in the U.S. equity market is justified on a fundamental basis is clearly No. So, Bobcor is right fundamentally speaking. Capital investments have declined by over 13% in the past year. Moreover, the U.S. has chosen to go to war. History has shown that a massive increase in Federal spending and dramatic increase in deficit spending can NOT sustain economic recovery. The Result of this will be the tragic end outcome of leading millions of individual people astray. The U.S. has entered on a path to Bankruptcy. I say this as there is presently immense political, monetary, credit, and especially propaganda pressure imposing itself, not only on more than 260 million Americans, but on the western world as a whole. Every attempt is being made to bring the Bubble and Mania back to an even higher state than before. They will likely succeed for a while before the facade cracks again. Massive Gov't Spending, borrowing, and debt. The new "Economic Stimulus Bill" signed into law this past week ensures an even bigger blowout in government deficit spending. < It would not surprise me that we will see during one of these confession periods where the large cap CEO's start to seriously talk about declining revenues and earnings> That is what it will take again because most Americans have given up thinking for short term profit and refuse to take economic statistics at anything more than face value. For now, Bubble investing and Momentum Trading is back in full force.