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

To: TobagoJack who wrote (17339)	3/26/2002 10:32:58 AM
From: Ilaine	Read Replies (2) \| Respond to of 74559

I assume you wouldn't argue that central banks buying stocks in a bad situation makes it worse without being able to prove it, would you? Without some kind of econometric proof all you've got is post hoc, ergo propter hoc. Sort of like arguing that shorting makes the market goes down. As for urging your Congressman to buy the stocks on list A, why not write him and ask him to change the law to make money backed by gold, so all the gold you've bought appreciates in value? What's the diff?

To: TobagoJack who wrote (17339)	3/26/2002 12:30:45 PM
From: NOW	Respond to of 74559

Actually, I couldn't have said it better: thanks Jay!

To: TobagoJack who wrote (17339)	3/26/2002 2:03:25 PM
From: Raymond Duray	Read Replies (1) \| Respond to of 74559

Thank Jay, Best post of the my morning so far! <smile> BTW, when the shorts sent the Hang Seng into an uncontrolled free fall about 3-4 years ago, having the guvmint interevene on the long side did vast damage to the speculators on the short side. A fate they richly deserved, IMO. Now that we've got 7,000 or so hedge funds willing to bet against the U.S. markets, and drive them into the ground for profit, there is every reason in the world to believe we need a countervailing force. -Ray