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Strategies & Market Trends : Bill Fleckenstein, the BEAR! Is he finally right?
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To: Jay8088 who wrote (156)9/30/1998 10:37:00 AM
From: Bucky Katt  Read Replies (1) of 259
 
With the bailout of Long Term Capital, at the "behest" of the FED, this
should indicate just how skunky the markets really are. When I went to school, this type of action was called communism, as in the state allows nothing to fail.

The markets may hold today, because the big houses need to end the month clean, but watch out for the rest of the week, and next week should be a real eye opener.

The US economy is starting to look like the Japanese economy. At some point, lower interest rates mean nothing. Just look at Japan, with a .25% borrow rate.

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