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Pastimes : Ask Mohan about the Market

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To: Cynic 2005 who wrote (13751)	2/2/1998 4:49:00 PM
From: Mike M2	Read Replies (4) of 18056

Mohan, the bulls have given the bears a dose of tough love. I cannot believe how irresponsible the Fed has been of course the bulls will take issue with me on that point but we shall see if their bubble can inflate indefinitely without bursting. At some point the market will not be able to deliver the percentage gains which investors take for granted and some will seek the safety of money markets. Selling begets selling. One important lesson that has really been driven home is that people do not learn from history. However high this market goes I feel it will crash and we will be in a severe recession or a depression. I think the critical turning point will happen this year. The problems in SEA are too big to bail and many will fail. Mike

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