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To: patron_anejo_por_favor who wrote (142564)	1/9/2002 2:49:48 PM
From: sun-tzu	Read Replies (2) \| Respond to of 436258

think the timing is right now for a pig roast. still of the mentality that we get more upside after we wash out. subject to change of course but net net short at this point. let's roast 'em!

To: patron_anejo_por_favor who wrote (142564)	1/9/2002 2:59:47 PM
From: Tommaso	Respond to of 436258

As some of us here know, it's worse than 1929, though the general economic consequences, we hope, won't be as bad. I think that just as a series of deflationary episodes convulsed the markets from 1865 until 1933, the seven decades that have elapsed since then have been marked by increasingly severe inflationary periods. The only way to stop inflation with a paper currency that has been overproduced is to raise interest rates. I don't know what the total debt burden is that is being carried on interest rates ranging from zero to the 6% mortgages, or from there on up to the 300% p.a "payday loans," but my idea of a "normal" interest rate in a stable currency for most purposes should be at least 5%. For a wasting asset like an automobile, it ought to be 10%. This means that any rise in these artifically depressed interest rates (as most of on this thread know) will place a severe restraint on the spending of people carrying debt. I don't know what happens after that, but a forced liquidation of inflated equities would seem to be part of it.

To: patron_anejo_por_favor who wrote (142564)	1/9/2002 3:06:44 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

ROFLMAO!!! Were you at the pancake house, bistro, or Denny's??? Just trying to gauge the bearishness of that waiter. :) I'm starting to think this is the freakin top. DAK

To: patron_anejo_por_favor who wrote (142564)	1/10/2002 8:00:06 AM
From: Bocor	Respond to of 436258

Clayton Homes tops Q2 EPS ests. (CMH) By Tomi Kilgore Clayton Homes (CMH) reported fiscal second-quarter net income of $33.7 million, or 24 cents a share, up from earnings of $27.5 million, or 20 cents a share in the same period a year ago. Analysts surveyed by Thomson Financial/First Call had been expecting EPS of 19 cents. Revenue for the period rose 8 percent over last year to $306.8 million. The manufactured housing company's stock closed Wednesday down 8 cents at $16.50.