Gabriela sez: odds are we dont see collapse but rather a turning around after putting in a final bottom. This would not be good news for the market in the US, as it wld reverse many factors contributing to our excess liquidity conditions.
I agree with your first sentence above...but suggest another read on the second conclusion you draw:
My read sez: Odds are the "excess liquidity stays right where it is, over here, and in point of fact increases, in my judgment.
Altho' I'm aware of the point you are trying to make, I submit the following for your thoughtful consideration:
When the Japanese Banks are able to jettison their bad loans to their newly created "Bridge Bank" shortly to be announced after their elections...
I submit:
their banks will return to lending practices that will continue to feed our monstrous bull market as long as the bull reigns. Why?
Well, we DO have the most financially transparent markets on earth,
a/w/a we DO have the most stable equity market on earth.
I further submit,
that if there is a switch, it will be in watching the asset allocation models between bonds/equities and real estate.
The closest other market "they" could invest in would be Europe, esp. after 1/1/99. And that one just isn't quite "ripe" yet for massive infusions of capital inflows. Airbus is still second to Boeing for example...And to British Telecom to our Bell Atlantic or LU, etc.
O/49r |
