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.

Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: accountclosed who wrote (35782)	11/11/1998 9:36:00 AM
From: Mike M2	Read Replies (1) \| Respond to of 132070

Antoine, I have learned that Marty Zweig two sacred rules are sacred the trend is your friend and don't fight the Fed especially if they are buying futures. The only thing we learn from history is that we fail to learn from history. I am cautious near term because I believe that Wall St. and the Fed will do everything they can to keep the bubble inflated- at some point they will fail and we will have a decline of historic proportions. They are only concerned with near-term gain and are not concerned about the long term damage they will have inflicted upon the world. Everything is too out of balance to have a soft landing. They key IMO is the U.S. dollar poor earnings -even disasterous earnings will be spun into positives by calling them " better than expected" and " a bottom" . The all to gullible and inept media will play along with the pundits. I have no doubts that there is a limit to this insanity but i was very wrong in assuming the Fed would act responsibly at some point. i now realize that they do not want ' tough love medicine' but are going for broke. Never in history has a bubble deflated gently it is foolish to think that this time is different. I recall comments about Japan during their bubble days that they would not repeat the mistakes of the U.S. during the 30's . Japan is not doing well especially when you consider that their financial troubles were cushioned by the U.S. consumer and their insatiable desire to consume and borrow. Imagine what things will be like when the U.S. is no longer the worlds buyer of distress goods due to either political forces or market forces. Mike