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Non-Tech : Bill Wexler's Trading Cabana -- Ignore unavailable to you. Want to Upgrade?

To: Dr. Voodoo who wrote (2827)	9/19/2007 11:51:07 PM
From: Bill Wexler	Read Replies (1) \| Respond to of 6370

I don't think it goes on much longer...but it doesn't bother me much because I now look at the Dow/S&P and do a mental calculation of how many Euros, gallons of gas, slices of cheesecake, ounces of gold, etc. it would take to buy them. If you search around the internet, you'll notice that some of the more intelligent financial bloggers are beginning to pick up on this theme. Did you see the way the dollar sunk against the Euro as soon as the interest rate cut was announced? How do you think a European investor perceived the Dow rally if he was invested in U.S. equities? It's glaringly obvious that Ben is desperately trying to stall asset deflation and recession. He will fail. They're already here. Real Estate is deflating, to be followed soon by stocks (especially retailers). You can't bail out the effects of a tsunami with a bucket. Three quarters of the U.S. GDP is now driven by consumer spending. If I'm wrong about these retail stocks getting whacked, I welcome anyone to lay out the catalyst for earnings growth.