Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Ask Mohan about the Market -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (14014)	2/11/1998 7:35:00 PM
From: robnhood	Respond to of 18056

Mike," For various reasons...we have had in the stk mkt an extraordinary willingness to buy and an equally extraordinary unwillingness to sell. It was the lack of equilibrium which really made the trouble." Mike This very thing has made the market hard to trade,, no one wants to sell,, "NO FEAR" unless you are willing to pay higher than the last guy , no amount seems to satisfy the owners of stock, they are all mezmorized. russell

To: Mike M2 who wrote (14014)	2/12/1998 3:38:00 PM
From: Mike M2	Read Replies (1) \| Respond to of 18056

From time to time I hear people say the Fed has not been loose ( I don't mean like Monica) Michael Belkin says " there has been a deliberate ongoing bias toward easy money, even during 1994 when it appeared the Fed was tightening. This shows up in substantial free reserves, which have averaged over $850 million since 1991. A neutral Fed policy would exhibit zero free reserves. interest rates have been subsidized lower, like some market welfare program. anyone who maintains that the Fed has been restricting economic growth with tight monetary policy over the past five years is simply ignoring the evidence-( a popular tactic in many circles my words ) My man Richebacher adds "the conclusive evidence and measure of monetary looseness is seen in money and credit flows that are many times the available savings." On the issue of leverage Belkin points out that the bond and currency markets have the greatest leverage where banks and dealers extend credit to hedge funds and others with as little as 1 to 5 % collateral." for the full text and other interesting points investmentrarities.com Mike