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Politics : Dutch Central Bank Sale Announcement Imminent? -- Ignore unavailable to you. Want to Upgrade?

To: Alan Whirlwind who wrote (14715)	7/11/2002 9:58:52 AM
From: sea_urchin	Read Replies (1) \| Respond to of 82388

Al >There will always be 401K's and IRA's. In every bear market that I've been in there is always the "weight of money" argument to contend with. People always say if so much money is pouring into the market then how can it possibly go down? Unfortunately, it does. >There will always be young investors Sure, but right now they will be using whatever funds they have to cover debt, particularly mortgages. As we have heard repeatedly, the whole economy is literally swimming in debt. That becomes especially hard to bear in deflationary times when stock prices and, particularly, property prices fall. And, when your job is being threatened. >Unless you are talking GREAT DEPRESSION Many are. I just see that the whole investment scene has changed. Even worse, there is a profound loss of confidence in the system and its leadership. I believe we are going to witness more and more people in the US getting angrier and angrier and directing this anger at the government and major institutions. Although things seem placid now they can easily turn ugly, as in Argentina. At the moment, the US government is lucky (or clever) because it managed to direct the peoples' anger towards "terrorists". But, if the people wake up and see that they have been conned, that can change in an instant --- as at the time of Vietnam. Then, anything is possible.