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 (15501)	4/22/1998 10:49:00 AM
From: Tommaso	Read Replies (1) \| Respond to of 18056

I never thought, with the example of Japan right there in front of us, that the United States markets would almost duplicate what happened there. But I guess if Germany could start another war barely twenty years after it lost the first one, memories are short. I keep thinking how rigorously the Fed controlled margin credit all through the remainder of the 1930s and into the late 1940s. When I first began saving money in the late 1960s, I couldn't even get my savings out of the bank without a 30-day notice that I wanted them. Now money almost literally does grow on trees--at least on paper that is made out of trees that comes pouring into my mailbox every day. And it seems to be accelerating. It is common for me to throw away up to four credit card offers at once. Well, if one has to live through a period of insanity, let's just be happy that it's monetary and not military. As Galbraith said of the 1929 crash, "all anyone lost was money."

To: Mike M2 who wrote (15501)	4/22/1998 11:02:00 AM
From: Roebear	Respond to of 18056

William, I suspect that this go-go market is somehow linked with the intro of the euro and the development of trading blocks, Asia, European Union and the Americas (there was a recent announcement of an Americas agreement and I lost it). The rise in gold is a symptom of the euro and the earnest try they are going to make at the dollar. They would like to replace it as reserve currency with the euro. Perhaps what is going on in the markets is part boomer dollar and part positioning of our business interests to expand and compete or defend. In any case, I am trying to work into a better position myself! BBL Roebear