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

To: smolejv@gmx.net who wrote (21960)	8/2/2002 2:35:14 AM
From: Maurice Winn	Read Replies (1) \| Respond to of 74559

<Would the masses keep bidding them up, if the interest rates were higher? > They did and they were. There was squealing, but Uncle Al kept the screws on anyway. The bidding carried on regardless. When the tumbling markets made everyone take fright, Uncle Al printed money like crazy and slashed interest rates, which those who blame Uncle Al say causes stock prices to rise. But they are wrong as shown by the fact that share prices have declined now for two years, contrary to their theory. They don't get it and still assert that lots of money causes market bubbles and blame Uncle Al. It's a bit like smokers blaming the cigarette companies or an alcoholic blaming the brewery or the gambler blaming the casino. They need to look inside their own heads. But they don't like what they might find so they blame the sky, the trees, Uncle Al, management, the 10K, their broker and anyone except themselves. Mqurice