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Pastimes : The Positive Thoughts Thread -- Ignore unavailable to you. Want to Upgrade?


To: Ms. X who wrote (170)5/27/1999 2:11:00 PM
From: james ball  Read Replies (1) | Respond to of 1093
 
This is what reversals in the Bullish Percents are all about. Tom



To: Ms. X who wrote (170)5/28/1999 7:16:00 AM
From: long-gone  Read Replies (2) | Respond to of 1093
 
Thanks, We (from the dark realm) refer to PnFers more simply as T/A types.

You know, I really hate to see the pain and suffering caused by these market capitalization re- valuations, but it had to happen. Dr. Greenspan has been very happy concerning the idea of "creative destruction", and all who have listened to him must know he can not create liquidity with-out end to assist in the coverage of those long while effectively establishing a taxing system on the shorts. All involved substantively understand(at some level) the baser needs of the market cycle to exist. The broad society could not have been expected to subsidize the wild margin plays ceaselessly.

For the "creative destruction" to continue to function the winners must become losers.