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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Mike M2 who wrote (64646)	7/15/1999 4:20:00 PM
From: PaperChase	Read Replies (1) \| Respond to of 132070

>>The consumer has record high debt loads and record low negative savings rate -this trend is not sustainable.<< There is NOTHING to suggest that the banks are going to stop excessive lending to consumers. And banks will be the source of any bubble burst since their lending is driving the economy. However, the fed is in the back pocket of the market and the bank regulators are (once again) lax in policing the banks. So, it's up up and away until the banks are stopped...probably not until late NEXT year. I will also add the high margin debt of last fall did not take criple the bull market. All the theories of a sustained implosion of the market due to margin calls (which cash is needed to cover) do not occur...just proves another false theory of the bears. Buy now before Dow 13,000, Nasdaq 3,200.