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Pastimes : The Naked Truth - Big Kahuna a Myth
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To: MythMan who wrote (1543)4/3/1998 3:43:00 PM
From: Mike M2  Read Replies (2) of 86076
 
Pete, I do not take comfort in the fact that crashes are infrequent. I would argue that one must look at valuations, public participation, leverage, level of speculation. This is the stuff that crashes are made of. At fiendbear.com they have a list of significant declines during the last 80 years. BTW SEA collapsed without any interest rate hike. This mkt will tank regardless of what the Fed does they have already sown the seeds of disaster it is too late. During the Japanese bubble mkt days the bulls used the same demographic arguments to rationalize irrational prices. Tsunami is a reality not a myth ho ho ho ho ho . looks like the Dow 9000 CNBS orgy will have to wait till monday. They better hurry Asia is teetering ho ho ho Mike
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