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To: Tommaso who wrote (168548)5/28/2002 3:56:46 PM
From: Tommaso  Read Replies (1) | Respond to of 436258
 
I am beginning to think that there really are several thousand mutual fund managers who start buying anything they are interested in whenever the Dow drops below 10,000.

Maybe if we have three full years of back-to-back losses, people will quit letting them play with their money.

The continuing real estate bubble in the US is much like the beginning of the type of inflation cycles that ruin the economies of South American countries. I have a good friend who just got a 100% loan--and got it on about a week's notice--for the first house she has ever owned. In other words, she starts with zero equity.

When we bought our house, we put up 40% in cash and had to undergo a pretty stiff credit examination.

The dollar is REALLY tanking today. Watch what happens to Dow 10,000 when the Feds decide to fight inflation.



To: Tommaso who wrote (168548)5/28/2002 4:06:00 PM
From: Knighty Tin  Respond to of 436258
 
T, As I've often learned, being sophisticated in one area does not make you sophisticated in another. That is why top-notch minds in one field get blown up when they try another. An example would be Shockley, who invented the transistor. When he started spouting genetics to fit his rascist theories, he lost credibility.