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To: SliderOnTheBlack who wrote (75237)10/1/2000 6:36:41 PM
From: patron_anejo_por_favor  Respond to of 95453
 
<<Why can't the masses see this historic momentum oriented, parabolic - new valuation multiple, new paradigm - Fed/ESF - money supply & credit expansion created/supported Bubble for what it is ?>>

Slider...the media has played a huge role in bubble maintainence, and has obscured (or at least failed to report on) the dangers of the credit bubble. CNBS certainly is at the forefront of the sheep-herders. Even the Fed as of late have chipped in, with several members (most notably "No-Fear McTeer") chiming in on how fabulous the U.S. economy is performing. IMO, if their recent pronouncement aren't out of sheer ignorance (a thought too terrifying to contemplate), then they have recognized the danger and are trying to talk the bubble down off the high-wire. Unforturnately, it has an acute case of vertigo, the wire is covered in vaseline, and they have no net. Once the economy goes over the falls, a LOT of rocks will get turned over (hopefully), so we can find the vermin nestled underneath. I for one can't wait....

What if any financial stocks would you short or put at this point? Disclosure: I am short (and have puts) on PVN and have puts on JPM...and am looking at a bunch of others.