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: Tommaso who wrote (168548)	5/28/2002 3:56:46 PM
From: Tommaso	Read Replies (1) of 436258

I am beginning to think that there really are several thousand mutual fund managers who start buying anything they are interested in whenever the Dow drops below 10,000. Maybe if we have three full years of back-to-back losses, people will quit letting them play with their money. The continuing real estate bubble in the US is much like the beginning of the type of inflation cycles that ruin the economies of South American countries. I have a good friend who just got a 100% loan--and got it on about a week's notice--for the first house she has ever owned. In other words, she starts with zero equity. When we bought our house, we put up 40% in cash and had to undergo a pretty stiff credit examination. The dollar is REALLY tanking today. Watch what happens to Dow 10,000 when the Feds decide to fight inflation.

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