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Strategies & Market Trends : The Millennium Crash -- Ignore unavailable to you. Want to Upgrade?

To: Arik T.G. who wrote (1582)	11/13/1997 8:19:00 AM
From: Rarebird	Read Replies (2) \| Respond to of 5676

It looks like a Bear, it sounds like a Bear, it even ticks like a Bear. But I wonder whether it is the beginning of a vicious Bear Market yet! As some of you already know, a close below 6975 and we are officially in a Bear Market. There is no longer a debate about that. I still hold to my Dow 10,000 by early next year before we retrace at least 50%. I'm looking for a double bottom at about Dow 7000 before the last great rally of the century takes place. The World is truely enveloped in Darkness at the moment. Negativity has been ruling lately. Greenspan has been summoned to Capitol Hill to transform this negativity into a negation of negation. When almost no hope is present and the Bearish Executioner is firing at will, that is the time to be careful and watch for the great human bullish light to surface....

To: Arik T.G. who wrote (1582)	11/13/1997 1:08:00 PM
From: Chip McVickar	Read Replies (1) \| Respond to of 5676

Hello Arik, Yes, I do believe that there are fundamental differences in the abilities of todays markets....to withstand and be altered by manipulation of indexs and monetary policies. (as compared to past markets) Todays markets are totally different then 1929 and operate totally differently then in even the 1950's and 60's. The computer and all its derivatives have altered the basic liquidity behind any stock trade. Except for the fundamental reasons to buy or sell a stock....So this is nothing new. . It has been the dream of economists to create a stablized financial systems that can be regulated to decrease the frequent imbalances and fluctuating economies....the gold standard was such an experiment as was that which replaced it...securitized debt and printing presses. . Why should this come as a surprize, if a Soro can do it, then Central Banks and major goverments can have a little fun...Take a look at the Link off of #7730 on Ask Mohan thread...dealing with Exchange Stabilization Fund. . Some of Bonnie Bears early morning remarks 13 Nov are very interesting. . Are the economists triumpant with their new mathematical systems...? Good God No....it's still a mess...just wait until Europe gets its currency up and running....that's going to be the next big blow to the US$ and the systems of balances in place today. This country and its financial power will be much different 10 years from 1997. . Yes, I do believe that there will "not be" a major catastrophic economic armageddon that many are anticipating. But, I once did. Yes, we will see serious imbalances in world financial markets and continue to be driven by bubbles and tulip manias, but the systems today are better able to effectively deal with the results of these imbalances. . The only scenario that will create the Millennium Crash will be significant and natural geologic disasters...world wide earth quakes, volcanic activity, pole shifts....or a 3rd World War....these will change everything. These fears are very well covered by Evelyn Browning Garriss... Also, by Gordon Micheal Scallion...they both have web sites. Lets hope they are Dead Wrong. Chip