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To: AllansAlias who wrote (46546)7/21/2002 4:42:04 PM
From: NOW  Respond to of 209892
 
<What we are finally seeing now is the market actually discounting a credit meltdown>
Ummm, thats what i meant by "You think the credit bubble is in trouble based on the valuations of the credit bubble stocks i take it?" isnt it?



To: AllansAlias who wrote (46546)7/21/2002 5:00:36 PM
From: JRI  Read Replies (1) | Respond to of 209892
 
AA- FYI...in case you didn't see it on your 4 TV stations ng..

Highest level of ink/TV I've seen the bear get since its inception....making me think, yes, we are near a near-term bottom in price..

Having said, almost every program/commentary ends with, "but the long-term fundamentals of the U.S. economy are strong/we are now undervalued, etc."....leading me to believe that, yes, the 3 wave (down) of the credit bubble burst has not hit yet....The teflon that Abbey Jo wear will get ripped from her body on that one ng

I guess John M. is arguing for a flat 2 (citing the historical bad months of Aug/Sep)...and you (perhaps) that it could be flat or sharp? (we just don't know)...