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Politics : Ask Michael Burke

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To: Earlie who wrote (88234)1/11/2001 10:12:35 AM
From: Mike M2  Read Replies (3) of 132070
 
Earlie, Wall St and the fed have had remarkable success in keeping the bubble afloat- at the expense of our future I might add. The bears who recognize that the productivity and profit miracles are in reality mirages realize that unprecedented credit excesses have fueled this market. We know there is a breaking point but many expected it long ago and the bears have come to fear the reckless easy money from the Fed- especially rate cuts before expiration. My feeling is any Fed inspired rallys will be short lived because the last surprise rate cut had little impact. The fundamental case for the bears is overwhelming but we are betting against the house. The game is rigged like never before so bet with your head not over it. My feelings about gold stocks are that I am prepared to hold them into bankruptcy for the chance to participate on the incredible upside explosion when the banker( Central & bullion) engineered bear market in gold backfires. The bottom line is reality is on the side of the bears but the banksters are masters of illusion. mike
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