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

To: Ilaine who wrote (17348)	3/26/2002 10:56:54 AM
From: LLCF	Read Replies (1) \| 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.> Again... economics is a social science, there is no 'proof' to get. Whatever the prevailing view is at the point in time will no doubt seem to make sense. DAK

To: Ilaine who wrote (17348)	3/26/2002 6:28:31 PM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

Hi CB, <<proof>> ... no proof, just a suspicion, based on the Japan experience, though I do note HK/Malaysian interventions worked out well, but success may have been due to coincidental (one-two weeks later) Russia & LTCM collapses triggering FED panic. We will not know until we know, though I am an absolute believer in free market most (99.9998 %) of the time. As to gold, a hedge is not necessarily an investment needing to rise in value during normal times. But you are right, given my allocation, gold vs equity going up is the same. Chugs, Jay