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Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: stockman_scott who wrote (692)	6/25/2002 2:18:39 PM
From: Jim Willie CB	Read Replies (1) \| Respond to of 89467

I love Bambi's concise summary of WRONG THINGS HAPPENING Typically, the stock market responds to monetary stimulus, at the earliest, six months after the first rate cut. The Fed's latest round of easing began January 3, 2001. The Nasdaq went from 2500 to 2100 by June 2001. And then things got really ugly. Or, how about: The stock market begins to recover well before the economic recovery is evident in the data. Or: The market bottoms six months after the recession begins, meaning if the recession began last spring, September 2001 would have been the bottom. Of course, at current levels, we're set to throw that market bottom right out the window along with that rule-of-thumb strategy. So to those who want to jump in because they feel the market will run away to the upside, I say: Why bother? It hasn't run away yet. -END- so I say "why cant investors see that things are different this time?" this time is different truly from past recessions if not for massive Fed money printing, bread lines would be forming as unemployment would be near 15-20% we like only to say it is different, if it favors bulls but we cannot see it is different, when it actually is the country is far too invested in stocks to get out except perhaps at much lower prices with the mass public investing via 401k's, what buyers were left to continue the purchasing? nobody, so the bubble broked Bambi is cute, do you think she is married? / jim