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To: NOW who wrote (154699)3/5/2002 6:00:03 PM
From: Box-By-The-Riviera™  Respond to of 436258
 
thanks. great write up.

gonna send that paul guy some dough. gotta support at least one angry clear headed voice.



To: NOW who wrote (154699)3/5/2002 8:40:26 PM
From: Secret_Agent_Man  Respond to of 436258
 
He’s telling the emperor that he’s got no clothes, right on live TV.

excerpt from elsewhere

"Do you really think a new bull market is commencing with a DJIA PE in excess of 30, and other
indices a multiple of that? That would be a first in US financial history.

Some monetarists have been trumpeting the yield curve as an indication of economic rebound.
However, the yield curve, specifically 10s to 3 months, is at the highest level (3.25) since Easy Al
surreptitiously bailed out the money center banks via the carry trade in 1992 (3.50+) and Volcker
bailed out Continental Bank in 1984. The yield curve is indicating official panic and system
distress more than economic nirvana.