The Epic American Credit and Bond Bubble Laboratory Message Board

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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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To: Crimson Ghost who wrote (13296)	5/7/2004 11:12:32 AM
From: russwinter	of 110194

My favorite Hathaway line, During extended credit contractions, when lenders and investors alike shy away from risk, credit spreads widen and safety becomes paramount. In the rainy seasons of the 1930's and the 1970's, gold rose against financial assets. It did so not because it was part of some "reflation cocktail" dreamed up and packaged by promotional investors. It did so because a general movement towards safety caused by adverse experience in financial assets investments bid up its price. Stock market looks narrower and narrower, looks like they try and scrap some nickels and leverage together and just jam some subgroup. Today it's the SOX, about everything else looks miserable, with financials being routed. It will be interesting to see if the mutual funds get redemptions today, causing the clerks there to have to remove some soup can labels from the foul stuff moving through the factory line.

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