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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: Lucretius who wrote (74019)11/6/1999 3:58:00 PM
From: Alexander  Read Replies (2) of 86076
 
Lucretius Taurus. That is one of the most informative posts I have ever read...You are right on target. What goes up must come down..We have been in a big time Horiffic' Bubble Market
for some time..That is what Alan Greenspan has been trying to tell us..He even went so far as to raise interest rates in a very low inflationary peiod...twice...What that tells us is that the Feds are worried that this bubble market can bring everything down around our ears..The Fed's have set up funding for the banks in such a case, but that will not stop the bleeding if this all comes to a CRASH..This is just what happened in 29' that ended the roaring 20's..what makes us so insulated as to think this cannot happen again..I am very concerned..I am older and have seen much in my time..We may be in for the fall of a lifetime..Are you
familiar with the name Nick Guarino who publishes the Wall Street Underground?? His warning is for the next 24 months..
He gives the second quarter corporate earnings this year.in his latest issue in detail.. what surprised me was the fact that major Corporate earnings were plunging even when sales were up globally. Corporations such as Goodyear is a good example. Earnings plunged 67% when auto sales are at an all time high..yet their profits fell heavily??
Chicquita Banana Earnings plunged 90% with sales falling only 10% This reflects the falling of global Agriculture prices...That is not a good sign..As any good Taurus (May 10) would I have stocked my larder' ;-)
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