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

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To: skinowski who wrote (47038)12/12/2005 1:38:27 AM
From: John Vosilla  Read Replies (1) of 110194
 
"Defaults would hurt creditors... but they happen because debtors are illiquid - because cash would not be easy to get one's hands on. I have a difficult time understanding why under such circumstances one would want to exchange precious cash for gold."

Shouldn't the stock performance of the largest financial institutions already be trending down and cracking resistance if we are discounting some type of credit bust by mid 2006? Most charts like C,BAC and JPM showing just the opposite.
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