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Strategies & Market Trends : MDA - Market Direction Analysis -- Ignore unavailable to you. Want to Upgrade?


To: Doo who wrote (35246)12/15/1999 8:18:00 PM
From: pater tenebrarum  Read Replies (3) | Respond to of 99985
 
i believe it was a reaction to stock misbehavior...the bond market gladly got rid of paper at higher prices, and sold off immediately afterwards. bond traders must get pretty nervous over this printing orgy. note that the Hong Kong market took a dive yesterday...i think CB's and authorities around the world are scared to death someone will blink in the global bubble. if that happens, the immense derivatives pyramid on which the bubble is built could come crashing down in a hurry. i'm convinced foreign governments are even more scared of the WS bubble bursting than AG. they can kiss their economies good-bye if that happens.
but i believe the Fed is making a grave mistake...a bubble can not be deflated peacefully...it either inflates further, or it collapses. the more it inflates before the collapse, the graver the consequences.
if Favors is right, it would mean that the ultimate resolution would be a real scorcher. in any case, we are way past the point of no return.

hb