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

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To: orkrious who wrote (81476)	5/4/2007 10:59:38 AM
From: Tommaso	Read Replies (1) of 110194

More cheerful doominess: In his last letter dated May 1 (snail mailed Allmon still has not extended diplomatic recognition to the Internet) he wrote: "Cash feels might cozy as we wait for another shoe to drop. Anyone who feels queasy or uncomfortable with volatile markets should step off the down elevator now. Sure, you may be jerked skywards for a spell. But fast down elevators generally make few stops." Allmon generally offers a few cheerful reasons why the End Is Nigh. In his last issue, he observed that "a dependable barometer, mutual fund cash, currently around 3.8%, close to the all time low. It requires big money to put the market up ... an ominous trend indeed!" He also notes that, according to an oil forecast he is about to unveil, "We're probably looking at $20 per gallon gasoline, and oil at $300 per barrel in 2020. The coming jolt in the price of oil may wreak even more havoc than the oil embargo of the 1970s, a most unpleasant experience." And he repeats his long-held view that "it would not surprise me at all if gold again crossed the Dow."

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