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: Wyätt Gwyön who wrote (54056)	2/17/2006 10:25:49 AM
From: GST	Read Replies (2) of 110194

The $ did not go down in 2001 so it can't go down now -- wow, that is some analysis. If you buy into that logic then you should note that housing has done very well, therefore it can't go down either. You could just as easily say "look at all the idiots who thought housing was a bubble years ago". The same silliness was spouted during the boom days of the dot.com bubble -- JDSU at $230 is a buy, after all look at how it has performed so far! The current account deficit troubles thoughtful people because it CANNOT be sustained. There others who, like those who hawked jdsu at $230 say "this time it is different" -- to which I say "ya, right".

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