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.

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

To: Baywall who wrote (3162)	8/11/1998 3:14:00 PM
From: bobby beara	Read Replies (1) \| Respond to of 5676

>>>Domestic savings have reached a new low, thus making the system dangerously dependent on foreign capital at a time of record trade deficits. Foreigners have been big buyers of US stocks, and if they stop because of stock market fears, trouble.<<<< LVL, Baby boomers are piling money in our market fooey - thats just another myth supplied by the media. Our market is supported largely by foriegn money. You can already see protectionism in Asia - Smoot Hawley revisited. The worldwide asset bubble has been busting since last July and all the money has poured into the strongest player left, and now our bubble is bursting as shown by the weaker players (RUT) going down and now we are going up the ladder to the stronger players. Arik was right, The millenium crash started as this thread started, we just had the sequence of events wrong. >>>I believe in Corporate America, but since a global economy with its interdependence exists, world events will affect the US economy.<<< So many arrogant Americans think we are an island unto ourselves - wrong thinking. Look at how the bank stocks have tanked. That is a key indicator after the transports. This is not good in a low interest rate environment. The banks have fueled the bubble with 125% home loans and credit cards to anyone with a heartbeat. I hear these blockhead money managers say that we can't end the bull with low interest rates, complete fools - of course that is what makes a market peak. Historic bullish sentiment: consumer confidence, presidential approval, stock market bullishness, The Great Boom on the best seller list. The selling has just begun. bb