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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Jurgen who wrote (115404)8/2/2001 5:14:28 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Yes, I agree, very gutsy for a guy in his position...it'd be like Bill Meehan saying something like that (although Bill is bearish, I somehow doubt we'll hear him say "on Tuesday, we CRASH!")<G>

ALTHOUGH...the groundwork IS being laid for a pretty significant downdraft. Sentiment, for example has again gotten frothy. The dollar is taking it on the chin. Mutual fund cash remains at very low levels, despite increasing redemptions. Bond yields started back up, which should put a dent in refinancing activity (and the housing market has shown signs of sputtering as well). Finally a LOT of bears have capitulated (just read this board, Prudent Bear's board and the Bear Forum, not to mention Barton Biggs).

If he's right, I get rich, rich, rich, but I ain't counting on it.
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