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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: Gut Trader who wrote (188953)8/21/2002 8:55:55 PM
From: Mike M2  Read Replies (2) of 436258
 
GT, very little attention is given to the fact that corporate buybacks - share repurchases - often funded with debt was a bigger factor than da babybrat saving for retirement money flows. Moreover , Dr. Richebacher points out that foreign money flows were the saviour in 2000-01 . In light of the economic revelations in the past year and the decline in interest rates and the falling dollar - foreign money flows will not come to the rescue. Very impressive bear rally the market is toast - no way out this time IMO. mike
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