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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (29440)	5/5/2005 5:02:35 PM
From: orkrious	Read Replies (3) \| Respond to of 116555

Today at 5:05:05 pm the time will be 05:05:05 05/05/05.... 05.05.05 comes only once in 1000 years and--coinciding with Thursday (5th Day of the week--comes only once in 7000 years!

To: ild who wrote (29440)	5/5/2005 6:54:57 PM
From: Perspective	Read Replies (4) \| Respond to of 116555

Market-bullish and "good news" are not necessarily synonymous. If you imagined devaluing the dollar by 50%, you would expect it to double the prices of everything, from apples to zuchini, automobiles to stocks. Something that I realized a little late is that it doesn't take good news to move stock prices higher - a shift in the yardstick you're measuring them in can do it as well. If everyone anticipates that the Fed can shrink the yardstick some more, then market prices can move to reflect that. It's when the realization hits that the Fed can't force the debt to grow any further, and the yardstick locks or even reverses, that things head south in a hurry. BC