Clown-Free Zone... sorry, no clowns allowed Message Board

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

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To: yard_man who wrote (140778)	12/28/2001 2:05:13 PM
From: reaper	Read Replies (2) of 436258

hey, why is nobody talking about the Chicago PMI today, which sucked?? all the news stories are about durable goods orders not being down as much as expected, and the continuation of our housing bubble (if it walks like a bubble, quacks like a bubble.....) i don't think (or maybe i'm also just HOPING) that we'll see TL and EV in 2002. but i do think we'll continue to see the deflation of the credit bubble, so companies with poor financial returns are likely to have their crack dealers take away the credit cards (like ABFI ;^), and that's where i'm trying to concentrate my shorts. i would never in a million years go long Bed Bath expecting it to trade at 70x, but as I said I wouldn't be drop-dead surprised if it happened. i loved this line: ``People are pretty optimistic about recovery, and when people are optimistic about a recovery, a recovery is more likely,'' said Bill Dudley, chief economist at Goldman, Sachs & Co. got circular logic?? cheers

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