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

To: pater tenebrarum who wrote (41271)6/21/2000 7:45:00 PM
From: patron_anejo_por_favor  Read Replies (1) | Respond to of 42523
 
Speaking of Fleck, it appears he's back with a vengeance:

The speculation technique du jour
appears to be right out of Newtonian physics: A stock in motion stays in motion. That seems to be all
the bubbleonians care about -- get them in motion, buy them and keep them in motion regardless of
valuation or anything else.

Couldn't have said it better myself!



To: pater tenebrarum who wrote (41271)6/22/2000 12:14:00 AM
From: LLCF  Read Replies (1) | Respond to of 42523
 
<that said, i see that credit spreads are expanding again, in spite of the clubbing the treasuries took today. that's rather remarkable...>

Look pal... credit spreads are going to widen even more... you know why??? Because equity returns are going to be SO good that no one wants bonds... nor should they, who cares about 10% in corporates when you can make thrice that in stocks hands down! PILE IN!!!!!!!!!!!!!!!!!!!!!

<VBG>

DAK


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