Booms, Busts, and Recoveries Message Board

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Strategies & Market Trends : Booms, Busts, and Recoveries

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To: Ramsey Su who wrote (36913)	8/2/2003 8:28:57 PM
From: TobagoJack	Read Replies (2) of 74559

Ramsey, <<refi ... great ... magnitude>> I knew refi has been a big story, but I am shocked and awed. I am anticipating financial regime change, given that all good things end, eventually, either willy by the nilly or with gusto. I can see how stocks can go up in price from an already high valuation, but I am guessing that if it does so, the fall will be ugly to the max. I guess that not only are currencies grinding against currencies, but asset classes are crushing against asset classes, turning all to dust, in turn, in sequence, until reversion to the mean. Chugs, Jay

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