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Pastimes : All Clowns Must Be Destroyed
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To: patron_anejo_por_favor who wrote (26286)4/14/2000 6:41:00 PM
From: pater tenebrarum  Read Replies (1) of 42523
 
well, it has to be said that Levitt issued a strong warning to the margined up trader crowd right around the time the NAZ topped out. let me put it this way: if the selling continues willy nilly, several big institutions will be in trouble shortly...hedge funds, brokers, banks, a few of them will be in deep doodoo if this keeps up.
THEN there WILL be another bail-out, and the day traders (the ones that only know how to buy, and not how to sell or go short) that have survived up until that point will get a LAST chance to get out with only big instead of catastrophic losses.
of course they won't take that opportunity...because greed will take over again, right away. but the Titanic has hit the iceberg. look at a NAZ chart, it says it all. it looks almost exactly like the Nikkei in the late 80's to early '90. it is TELLING us something. those that won't listen have only themselves to blame.
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