To: LadyNada who wrote (6867 ) 5/28/1999 7:12:00 PM From: Mr. Jens Tingleff Read Replies (1) | Respond to of 7609
cbs marketwatch - AMAZING - Why do they bother with penny-plays. ARET current is a penny-play - a very interesting one, that is clear. *OT* IMVHO - CNN CBS BBC - biz news are the largest hypers/bashers in the world - I remember back in Oct. 97, I was on a biz trip in Germany, One morning I saw the CNN starting the one week subject "The 10year lookback on the crash in 87" - My first thought was "Oh dear, what are they doing" - IMVHO the result came prompt - I do hold CNN partly responsible for the Asian crash that started during the very same and following week. IMVHO Those journalists and analysts presented there get far more credit than they should. This morning BBC interviewed one (well interview: one question one answer) - Q: How do you see current market developing - A: Talks about raising interest rates is obviously bad for the financial markets. What kind of BS is that - Do you (the reader here) understand what he meant ????? - Please think about it a couple of seconds before reading on !!!!!------------------------- --------------------------------- What do I think about it ? On the one hand it may cause a move of investments from one part of equity to another - causing corrections in the left market - well, that is not bad at all, corrections are needed once in a while, calling for common sense. On the other hand, as the major part of worlds largest pile up of money, pensions, hold main part of investment on interest based investments, they will gain more by the raise of interest, thus ending up returning more into the financial markets (investments) the wiz was obviously talking about, thus creating an even better base for the financial markets. ---- Reality is that a raise of interest will cause that John Doe buys less, thus companies selling less. Say you have a states problem with importing more than you are exporting, what is the reason ? - John Doe buys too much. Now what can raising interest the end up doing for the financial markets ? - Well, If companies want to continue selling the same, they have to find new markets - Yes :-) EXPORT - start selling to Fritz Schmidt in Germany. A good one for the financial markets Both states and private. What more ? Well, John doe buying less also mean that he will not buy the high end expensive HiFi from B&O Denmark, but rather a cheaper local one. Yes :-) - Importing less - good for the states economy. Now where it that problem raising the interest rates ??? But of course - it is quite OK that a world wide television program cover this whole story with one question and one answer - NOT The analyst answering the question - what is his daily work - within a financial trading company - Yes - does he or his company have any interest in starting a baisse like here or a hausse in other cases - YES, their earnings are closely connected to the amount of traded commodities, so if they can cause a shift from stock to bonds, they are very happy, and they do not care shit about what happen to IBM, ARET or John Doe. Now tell me who are the worlds greatest (not in a good sense) hypers/bashers ? YES, analysts AND what are their forums, SI RB BOBZ ? NO, it is the world wide television Thanks for getting to this point - I do hope I made a clear message. Kind regards Jens