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.

Technology Stocks : Amazon.com, Inc. (AMZN) -- Ignore unavailable to you. Want to Upgrade?

To: GST who wrote (36300)	1/24/1999 3:13:00 AM
From: Mark Fowler	Respond to of 164684

Alan Greenspan controls money supply, not you.<< Boy you learn something new each day. You got it wrong I'm was using my situation as an example only. Gst i do know how money is created. The Fed has made it clear it will respond to any financial crisis. But weather the Fed eases rates again isn't that important to the stock market right now. My point is that the cost of capital is not keeping people out of the market. Capital is plenty and available. What is driving this market is consumer sentiment and attitude. Last October the stock market tanked because global money supply tanked. Banks stopped lending. << No No that's not why the market tanked. For one currencies and interest rates were too high here relative to others and real inflation. We have a solid banking system here in the US, banks stepped up the pace of their lending by 20 to 30 percent when corporations found it difficult to raise funds by issuing bonds in last summers bond market turmoil. AMZN is the prime example of stock price inflation.<, Amzn isn't a prime example of stock price inflation you must remember the markets move to extremes in both directions and are always self-correcting, what the hell did we just see in the internet stocks over the last two weeks? 40 to 60 percent corrections on many of these stocks. And generally the rest of the market has been self-correcting and sometimes rather sharply. This will likely prevent another servere correction such as we had last Fall. I don't expect what most are talking about in the press lately learn to go against the general thinking and you will do well in any market situations. I anticipate a correction back to the 50 MA's on most indices. Just watch and keep an open mind to what i'm saying let it play out over the next two to three weeks.