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To: RetiredNow who wrote (22467)6/14/1999 12:05:00 AM
From: pompsander  Read Replies (1) | Respond to of 93625
 
Actually, I am going to buy treasuries in about September and hold them for the inevitable flight to quality in Nov-Dec. Should push rates down nicely until early January.



To: RetiredNow who wrote (22467)6/14/1999 12:09:00 AM
From: Don Green  Read Replies (2) | Respond to of 93625
 
> the main problem with the markets recently is the fear of interest rate increases by the Fed.

Actually that is only the catalyst, below the surface there are much deeper running problems, like margin debt, over-leveraged hedge funds, a flooding of dollars on the world's markets..a declining CRB, Gold at 20 yr lows, irrational expectations by so many in-experienced investors, thinking 20-30 percent return is the norm. I am not predicting DOOM, I am saying this level of extreme leverage and exuberance can't go on.. When it will end and how bloody the streets become is the danger.

regards
Don