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

To: NickSE who wrote (36086)	12/28/1999 1:03:00 PM
From: pater tenebrarum	Respond to of 99985

Nick, i have absolutely no doubt that we WILL see a protracted and painful decline in our lifetime. the question is only when and from which level will it begin. a bursting of the bubble will likely result in a similar situation as the one Japan is now in, since rampant credit growth automatically results in a decline in lending standards. the banks will eventually find themselves sitting on a mountain of unrecoverable debt as opposed to just a mountain of debt. corporate bond holders can also start worrying imo. hb