Posted by Dundoe on 27/August/2003 at 15:50:
In Reply to: My guess is that serious damage has already been done >>> posted by ydderF on 27/August/2003 at 15:39:
there's a ton of loonies still hanging onto bond.
I hear lots of investment shrewdies saying they are waiting on the sidelines in cash.
I don't know anyone that has gone into the market after leaving it months ago, in fact the only people who might be 'fully invested' are nutters like me and a few others on these bb's.
There's loads more like yourself who are scared but dive in and out.
All bull and bear markets are different - you can't argue that because 'a' happened last time it will happen again.
Look at the volume changes on the Dow, Nasdaq, FTSE since online trading and the internet got into swing in 98 - we haven't had that interest or flow of information before.
If the gowthg in the US economy is real and unemployment starts to fall sharply then you bond yield rises will mean zip - the biggest driver of wealth in the world is commerce and if that's getting more profitable money will flow there imo.
D
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