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To: stan_hughes who wrote (186437)8/7/2002 4:05:03 PM
From: Gersh Avery  Respond to of 436258
 
stocks????

hehe

it's all mass pavlov psychology ..

some poor saps were convinced into trading dollars for stocks .. paper for paper ..

although I'm starting to see value in the viewpoint about the computers simply moving prices around.



To: stan_hughes who wrote (186437)8/7/2002 4:16:11 PM
From: Les H  Read Replies (2) | Respond to of 436258
 
all the growth is in mortgages and home equity loans

federalreserve.gov

see the unadjusted data. everything else is down. we monetize inflation like the Knight says.