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Strategies & Market Trends : The Stock Market Bubble -- Ignore unavailable to you. Want to Upgrade?


To: Wren who wrote (1954)10/4/1998 4:08:00 PM
From: Kip518  Respond to of 3339
 
One (bad) day in the life of the global marketplace.

mercurycenter.com



To: Wren who wrote (1954)10/4/1998 4:51:00 PM
From: Sword  Read Replies (1) | Respond to of 3339
 
Wren: "Can the World be Saved?" quote from your link to the PEI:

>>The G7 meeting this weekend will bring to many a final flicker of hope....We may even hear grand new proposals for restructuring the world monetary system...In the end, any rally will still be merely a relief, but we cannot hope for the impossible.<<

The PEI was remarkably prophetic. Note the following headline:

"World Powers Agree on Joint Economic Restructuring".

nando.com

But read the article! It states, "But the finance ministers and central bank governors of the group of Seven rich industrial nations offered no concrete plans for coordinated interest rate cuts or other policy actions." It was filled with many such outright denials of any agreements having been reached.

The headline was an outright lie. They agreed on ABSOLUTLY NOTHING! I see this more and more. Journalists and commentators stretching the truth in an effort to (perhaps subconsciously) mitigate their rising fear.

This market is going to head into a tailspin.

-Sword