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To: robnhood who wrote (36883)5/31/2000 9:32:00 PM
From: patron_anejo_por_favor  Respond to of 42523
 
Strong finish on the Prudent Bear article (after a discussion on widening TEDS and SWAP spreads):

"Our sense is that the probability of a major financial accident rises by the day. Yet, amazingly, despite the daily occurrences that strongly support our view of a developing global financial crisis, bullishness runs high on Wall Street. As such, a consensus view of a summer rally takes firm hold. We will be very surprised if the summer of 2000 provides much of a vacation for Wall Street."

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