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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Mike Johnston who wrote (76139)	12/19/2006 10:28:11 PM
From: Crimson Ghost	of 110194

Excellent post Mike! I would add that that current financial misdeeds and illusions are very similar to much that went on during the late 1920s. Many speculators of that era were convinced the market would never again have a serious drop because "they" (the all powerful bankers and insiders) would not "allow" it. Speculators are even more confident today than they were in 1929. The "powers that be" supposedly will never allow another bear market to develop. A word to the wise.

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