Waiting for the big Kahuna Message Board

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Strategies & Market Trends : Waiting for the big Kahuna

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To: William H Huebl who wrote (67322)	11/13/2003 9:21:21 AM
From: Real Man	Read Replies (1) of 94695

I think there is no other way around, given the expanding OTC derivatives bubble. Maybe, it will expand to 1000 Trillion notional value before it finally collapses, I don't know. It has to expand or collapse at this point, there is no other alternative. So, we'll get the BK. How bad will it be? It depends on how much that derivative house of cards expand by that point. But if it were to collapse now, I believe, that would push Nasdaq into double digits. And, as it grows, it will only get worse. Nasdaq in single digits? Sounds unbelievable, doesn't it? Maybe, the index will stop trading alltogether. Gold may trade either at 150 or at 2000, I don't really know. That's because a derivative meltdown will melt and soak any liquidity there is in the system. Then this liquidity will simply evaporate. BWDIK?

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