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Strategies & Market Trends : Steve's Channelling Thread

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To: Mike M who wrote (17345)6/7/2001 11:27:15 PM
From: westpacific  Read Replies (3) of 30051
 
You guys are forgetting much. First the Japanese have been rumored to be pulling out their 10% interest in American treasuries - to bail out their banks.

Second JPM the derivative king was downgrade today.

A major derivate default (we have $100Trillion and much coming due this year and 2002) or actions in Japan will hammer the market and cause Uncle Al to have heart attack (we should be so lucky).

This market is full of land mines, one could be thrown at anyday, at anytime.

Are you prepared for a 20% drop in the DOW. Good luck selling your shares.

How soon people forget. May I remind you LTCC for instance.

Good luck longs, you need all you can get if your holding overnight.

West
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