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Strategies & Market Trends : John Pitera's Market Laboratory
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To: ggersh who wrote (9921)9/8/2008 9:38:50 PM
From: Terry Whitman  Read Replies (2) of 33421
 
I sensed that the LTCM bailout in 1998 was a bad thing for free markets, and this move to
take over the mortgage industry is probably even worse.

I don't feel near the anger that I did then. I don't know if that comes from aging,
or a dulling of the senses from all of the bailouts and takeovers that have occurred since then.

Funny thing though, the moves by Easy Al in 1998 took us higher for over a year.
If we could count on that again, it would be easy money, I guess.

Have to wonder, though. The longer an alcoholic drinks, the more he needs to drink.
This fat assed market is gonna need a heap of liquor to catch a buzz now.. and that buzz
just may not last as long as it did 10 years ago.
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