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Strategies & Market Trends : Waiting for the big Kahuna

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To: yard_man who wrote (22204)	7/24/1998 6:35:00 AM
From: Monty Lenard	Read Replies (1) of 94695

Tippet, Here is why I am not playing this game. reports.guardian.co.uk Excerpt: "In the case of the US, we are seeing stock market speculation, some real estate speculation and a terrific boom in mergers and acquisitions not benefiting efficiency but benefiting those bringing it off - plus there's an explosion of subsidiary financial operations, including in particular junk bonds. When the market fell on Monday, it was blamed on South Asia; any future problem will be so blamed. But no one should doubt that there are grave flaws in the Wall Street financial structure." I remember John Galbraith from my freshman year in college (1962) as required reading. Monty

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