Greenspan let the nasdaq crash 50% before even hinting of an ease with high interest rates Ben cuts 2 shock half pointers in a row, at low rates with dow 3 % off all time highs unbelievable it's all about who and what they bail out he just turned our currency into toilet paper, unneccessarely
Yeah, sure... and the Reagan era was bad too. Japan was the big concern at the time, the dollar fell to about 80 yen and the economy boomed, the US was exporting steel to Japan until the dollar strengthened as I recall. Up until that time Japan was renowned for it's quality automobiles, of course, they were $15,000 cars selling for $5000 in the US, they could afford to put a little extra quality in them.
has it every been any different. rich get ? will be very interesting over the next 12-18 months. best thing he did for me was give me some great short opportunties writting calls. personally I think its only begun. so many stocks,oil,gold etc up. wonder what his / usa gov. agenda really is. It has been obvious for several years now they wanted and needed a weak dollar. w
It gets awfully tiring hearing these posts claiming govt conspiracies, coverups, abuses, agendas and other shenanigans Go away
The bulls got what they wanted, I guess now its back to fresh highs on the dow, everything is better again, time to go long and not worry about any sub prime issues, or credit bubbles. Just sit back and go long, no worries, before you know it the dow will be back at highs and cnbc will be cheerleading once again. LBO will start to increase now, more IPOS await and the credit bubble is ready to start moving again. DOW no only off 2% from its highs, to think it was sitting under 12600 on August 16th, a month later and its up 1000 points. Good job bernanke keep lowering the rates, only way to prop up the markets I guess.