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Pastimes : All Clowns Must Be Destroyed -- Ignore unavailable to you. Want to Upgrade?


To: Giordano Bruno who wrote (23074)4/4/2000 10:11:00 PM
From: IceShark  Read Replies (4) | Respond to of 42523
 
How to have your head handed to you in one easy lesson:

Message 13350405

I think these were the guys, along with forced margin sales, that knocked the market to its lows. Maybe they are all washed out and Meehan is right?



To: Giordano Bruno who wrote (23074)4/4/2000 10:24:00 PM
From: pater tenebrarum  Respond to of 42523
 
a REAL BK would certainly pressure commodities in a big way...for one the cited need to raise cash to cover losses elsewhere, and secondly due to the fact that the commodity markets would interpret a BK as a sign of an impending recession. gold really has a special status...actually today's action was definitive proof that gold retains a special status and has NOT lost its role as a safe heaven in times of turmoil.
the real liquidity crunch is happening in the credit markets....
like Luc said, at some point all the printing in the world won't save this thing....