ajtj99's Market Pulse

[jdaasoc]

From SEP 99 to MAR 00, it was greed not fundamentals that drove the market higher behind the backdrop of the downside of Y2K calamity and misguided FED easing.

This time sub prime meltdown is the fear and FED is again providing all the liquidity for the equity market excesses.

Lookig at RIMM and FSLR trading recently, we got earmarks that we are in the top.

I talked to an AIG manager in IT department yesterday, and his first comment on his company was " I don't much of it's reported $1 T in assets as cash.