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High-Level Monetary Discussion
June 26, 2009.
Transcript of
GoldMoneys James Turk
responding to questions/ comments from Principally Correct, a visitor at
DollarCollapse.com: More...
Gloom And Doom Are In
June 23, 2009. Watching the markets tank yesterday, supposedly because of a pessimistic World Bank (!) report, got me to thinking
about
Elliott Wave analyst Robert Prechters
belief that news doesnt move markets. Instead, he says, our reaction
to events is what matters, and that depends on how were feeling -- the social mood. Prechters take (Im extrapolating here)
is that if investors were feeling good on Monday morning, news of the World Bank cutting its growth forecast might have led
to visions of lower interest rates and more stimulus money, possibly igniting a rally. Or investors might have ignored the
report and bought because thats just what they wanted to do. But these days were nervous, and therefore prone to see
the dark side of the days headlines. More... |