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To: isopatch who wrote (92917)7/31/2001 10:03:42 PM
From: Sharp_End_Of_Drill  Read Replies (1) | Respond to of 95453
 
Iso, interesting notes about G-Span. The flood of liquidity is a not so subtle hint that things are very wrong at the heart of the economy.

Makes the market a place of extreme danger in both directions. The flood is finding its way into real estate and over-valued stocks, which props it all up. The only problem is it can't go on forever - but when does it stop, and how?

The days when easy Al is forced to raise rates are going to be very interesting. If the market hasn't tanked by then it surely will soon thereafter.

Personally I've been selling the rally in the patch to raise cash, and I've averaged up on some losing tech shorts. I'm onboard with Jim P in the belief that when gas storage is full the NG stocks will get creamed. That approximate date may correspond to an overdue market plunge that will make the action all the more interesting.

Sharp