Strictly: Drilling II Message Board

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Strategies & Market Trends : Strictly: Drilling II

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To: isopatch who wrote (3746)	11/8/2001 3:15:05 PM
From: SliderOnTheBlack	Read Replies (3) of 36161

re: Roach - "running out of basis points" ie: Japanese Deja Vu all over again ["One tough question begets another. And I would counter by asking the Fed why it allowed all this to happen in the first place. After all, this was the same central bank whose chairman warned of "irrational exuberance" in December 1996, when the Dow was at 6400 and the Nasdaq at 1300. "] I'll repeat what I've said before. ...years from now; history will view Robert Rubin & the Investment Bankers rape & pillage (read manipulation) of the Financial System (and the American Middle/Working Class) as the greatest white-collar crime in global history. King Dollar & the irrational exuberance of 1996 that was ignored untill the bubble collapse of 2000 was a crime - it was literally an orchestrated transfer of wealth - nothing more, nothing less... and we've just been handed the deflating bag - and Greenpimp has been left holding it all alone ... after the Rubinites have allready exited stage left. Roach has seen this clearly for many months now & his forward looking view of the coming realities should be heeded... this is truly a problem that all the kings horses and all the kings men - "aint" gonna be able to put back together again... Today we stand with an S&P 500 PE still double what it was during the last recession..."double" ?!?! ...we "aint" seen nothing yet. Sooner, or later; when, not if... DOW 6-7000 and a triple digit NAZ are coming....bank on it and plan for it. Those with cash will be able to swoop down and buy hard assets (land, real estate, collectibles etc) at historic "value" opportunities and fwiw - gold & silver selling below the cost of production will head that "value" list... later ~ (back to the bunker)

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