[FRIAM] Overshoot self-correction to collapse in the S&P 500 Mar-Aug 07

[Marcus G. Daniels]

Phil Henshaw wrote:
> The markets during the period are acting as a whole (and
> not supposed to do that) and showing themselves to be both strongly
> motivated and undecisive as a whole, and in an amplifying way.  
>   
If credit is harder to get,  say as worsened by the upcoming subprime 
morgage lending rate adjustments, or improved by Federal Reserve 
providing money to the banking system, that impacts liquidity which is 
reflected in price variation.    I don't think it is so controversial 
that the equity markets can have their own intrinsic momentum.