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


To: marek_wojna who wrote (37747)9/2/2003 11:03:56 PM
From: EL KABONG!!!  Read Replies (1) | Respond to of 74559
 
Hello marek_wojna,

I'm only asking myself which good news will provoke massive sell offs of already inflated markets.

There are truths, half truths and statistics but the only one which counts is the one what the people believe in.


Good news or bad news does not provoke massive sell offs. It's how news is perceived that moves markets. At the moment, almost all news (even so-called "bad" news) is perceived in a positive light, so traders looking for the markets to drop a tad from current levels might be in for a long and disappointing wait.

Maybe the country can run the deficits forever

They don't have to run deficits forever; only for as long as current participants might live. After that, the deficits become the problem of a future generation...

KJC



To: marek_wojna who wrote (37747)9/3/2003 1:00:28 AM
From: energyplay  Read Replies (3) | Respond to of 74559
 
Hi Marek - I think the Friday US unemploymnet numbers will be worse, triggering a one to three day buying opportunity ...for something ....

I expect all the other numbers to get better, and next month unemploymnet number to get much better.

By the way, the US trade defict is getting a little better - exports are increasing to both Europe & Asia.

What happen if we have the REVERSE of the 1997 Asia financial crisis - all the Asian currencies appreciate ? Money rushes into one undervalued currency, it's stock market and property go up, then the hot money moves to the next undervalued currency...

Jay - I think you need a non-gold metal miner ....nickel, copper, silver or ?

Gold & NEM are a bit ahead of themselves. The other miners are moving now...