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To: michael97123 who wrote (48451)2/7/2001 7:24:54 PM
From: bambs  Read Replies (1) | Respond to of 77400
 
Something is happening but you don't understand, do you mr. bams?

I understand but clearly you don't. What happened is the credit growth rate started to decline and the unthinkable happened in the nasdaq last year! It didn't go up 100% it actually went down 50% from it's insane high. The wealth effect has started to come out of the economy...but it's just started. The Dow and S&P along with the nasdaq are in for more declines. Unemployment will rise. Bankruptcys will increase and the credit bubble will continue to burst. A world financial crisis will be on us with in two years max. Interest rates will be cut all around the globe and it will be inflation time. The bad debt will pile up so high that the only hope the governments of the free world will have is to inflate it away. Print money, buy bad debt from banks, etc. Well...that's enough for now...there's a good movie coming on. I need a beer and some more entertainment. I'm tired from playing in the market all day.

bambs