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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: chic_hearne who wrote (72280)2/27/2001 11:04:31 AM
From: Perspective  Read Replies (2) of 436258
 
Despite my trader's desire to see this result in a momentous panic, we are actually tracking the 1929-32 experience very closely right now. We have parted ways with the Japanese experience by moving to another new low so soon after the first couple rate cuts.

Review the 1929 event. It was orderly the entire way down, as Clowns watched their "investments" halved, halved again, and halved again. We've accomplished the first halving, and are working on the second.

Note that, while that scenario sucks for put holders, it is a short-seller's wet dream.

BC
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