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Strategies & Market Trends : Waiting for the big Kahuna -- Ignore unavailable to you. Want to Upgrade?

To: TRINDY who wrote (67179)	11/5/2003 5:43:49 PM
From: Real Man	Respond to of 94695

I think banks like to have the put -g- Unfortunately, the payback will be on the day when the Fed gets broke. The foreigners will dump a boatload of dollars which they accumulated in 30 years. That will reveal the true nature of the huge bubble in credit derivatives. An early indication is the bonds breaking really long-term uptrend - which, I believe, will happen this year or next. Then there will be a cascade of defaults, starting from some silly J6P, who cashed in on the rise of the price of his house, and took even more loans and mortgage than his house is worth. These folks will get broke first.