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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?


To: Jim Willie CB who wrote (3604)12/18/2003 3:00:12 PM
From: westpacific  Respond to of 110194
 
PARTY LIKE ITS 1999!

----
"I say that because instead of allowing the bear market to correct the excesses of the preceding bull market, the Fed, under Greenspan, has simply ADDED to the EXCESSES."

Add to that 33 straight weeks ( well beyond previous record during anytime of 20 yr bull mkt) of 50% bulls in II poll.

NAZ margin debt higher than at MArch 2000 top.

Bulletin Board VOLUME DOUBLE what it was at MArch 2000 top.

As you said, Fund inflows at record pace. (in the face of mutual fund scandal)

Lowest recording of VXO (old VIX) in more than 3 years.....

Highest level of money supply in history....though it is now falling...at fastest pace in 59 years!!! (DEc EWT)

Highest levels of DEBT as % of income and GDP in decades if not history.

Third most expensive market after 1929 and 2000 bulls.

Lowest levels of interest rates in 45 years.

Last 3 Bear market bottoms formed between 8 and 13 X SPX and near 6% dividend yields. (you know where we are)

Yeah.....keep those stops close and party like its 1999.....no its better.



To: Jim Willie CB who wrote (3604)12/18/2003 3:35:59 PM
From: Real Man  Read Replies (1) | Respond to of 110194
 
I believe so! Once the bond market is screwed, it's a BK time.