Bill Wexler's Profits of DOOM Message Board

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Strategies & Market Trends : Bill Wexler's Profits of DOOM

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To: valueminded who wrote (3402)	10/5/1998 9:31:00 PM
From: Bill Wexler	Read Replies (3) of 4634

One of those little contrarian indicators I love so dearly... Peter Jennings was on NBC news solemnly proclaiming that the global financial crisis was probably going to get "much worse". There was a beautiful aerial shot of new Boeing aircraft sitting idle in a field (due to cancelled Asian orders). I was listenting to my local newscast and they interviewed a retired gentleman who claims to have been a trader during the 1929 debacle. He claims that he sees signs of another 1929 scenario ahead! Combine this with Jim Cramer's comment in TSC today about the "revolting" tape and how this is "gambling not investing" and I'm nearly tempted to start using loads of margin!!

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