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To: Zardoz who wrote (63290)2/4/2001 1:21:49 AM
From: Square_Dealings  Read Replies (1) | Respond to of 116759
 
"The financial sector ended the third quarter with $8.15 trillion of borrowings,
an increase of $2.7 trillion, or 50%, in less than three years."

prudentbear.com

Nose dive. Left engine is out and time to pull out the oxygen masks....

M.



To: Zardoz who wrote (63290)2/4/2001 8:13:39 AM
From: Rarebird  Respond to of 116759
 
Hutch(and Gary), here's a nice attempt at some technical analysis:

stockcharts.com

The problem is that the gentleman fails to talk about economic fundamentals, which are worsening considerably in the US each passing day.

The speculators and funds who have been buying the NAZ in January are operating on faith: they believe the FED will be able to bring about a turnaround in the US economy in the second half of the year.

I don't think the FED will be successful. Greenspan was too late.... It's like cancer, if you don't catch it in its early stages, your dead.